The IRS chief said there was a 'tax gap' of over $150 billion each year that the wealthy owe but do not pay.
Internal Revenue Service Commissioner Daniel Werfel testifies during the Ways and Means Committee hearing on the IRS in Longworth Building in Washington, D.C., on February 15, 2024.on Thursday that it was going after high-income earners who had dodged taxes by failing to file tax returns since 2017.
Non-filing by the wealthiest Americans has cost the federal government a significant amount of money in recent years. In 2023, afound that more than 1.4 million high-earning U.S. taxpayers had not filed at all from 2017 to 2020, depriving the government of $65.7 billion. The IRS is making this effort now because it finally has the resources to do so, the agency explained.
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