DOGE: IRS (Internal Revenue Service)
Projected tax revenue this year is down 10% ($500 billion) as Trump's downsizing is emboldening tax cheats
To put $500 billion in context, the US spent ~$825 billion on the Defense Department in fiscal 2024.
The current tax gap is $700 billion. Think about almost doubling the tax gap in a single year.
(WashPo)
To put $500 billion in context, the US spent ~$825 billion on the Defense Department in fiscal 2024.
The current tax gap is $700 billion. Think about almost doubling the tax gap in a single year.
(WashPo)