Treasury Department

@USTreasury ↗

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Last Checked June 15, 2021

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Wed Apr 28 18:07:01 +0000 2021

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Treasury Department @USTreasury

A well-functioning tax system requires that all taxpayers pay what they owe. An unfortunate characteristic of the current system, however, is a difference in adherence to tax law based on income level. Noncompliance is concentrated at the top of the wealth distribution. — PolitiTweet.org

Posted April 28, 2021

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Treasury Department @USTreasury

RT @IRSnews: #IRS to recalculate taxes on unemployment benefits. Money will be automatically refunded this spring and summer to people who… — PolitiTweet.org

Posted April 27, 2021 Retweet

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Treasury Department @USTreasury

A recent study found that the top 1% failed to report 20% of their income and failed to pay nearly $175 billion in taxes owed annually. Lower levels of compliance not only impact tax progressivity, they can lower tax revenue and deteriorate our nation’s fiscal position. — PolitiTweet.org

Posted April 28, 2021