Americans didn’t pay an estimated $688 billion in taxes due on their 2021 returns—the largest shortfall ever. Audits and other enforcement will be stepped up
Tag: Taxes
What’s in a name
Social media is full of claims by politicians that the elimination of the Child Tax Credit caused the number of children in poverty to increase.
Who benefited from the tax cuts?
Had Congress left 1997’s tax code alone, households would pay an average of nearly $3,200 more, a 4.4% decline in after-tax income, according to the
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