The IRS estimates 1 trillion dollars in uncollected tax revenue each year due to a lack of resources to properly audit (mostly wealthy) tax cheaters
A claim by the agency that benefits by claiming an exorbitant number with no basis in fact.
One more time with IRS data
The top 1 percent’s income share rose from 20.1 percent in 2019 to 22.2 percent in 2020 and its share of federal income taxes paid rose from 38.8 percent to 42.3 percent.
US personal income is $22.8T, so the top 1% earn $4.8T. So according to the IRS, 21% of income goes unreported; kind of hard to hide that much money.
More IRS data, there are 1,150,000 households in the top 1% and there are 35,000 investigative agents or 33 households per agent. Looks like the IRS is not utilizing their agents
Thats not to say they lowered their taxes in any significant way-
Actually they had their taxes lowered. Those that were not paying taxes; can't have their taxes lowered.
An estimated 72.5 million households -- or 40% of total households -- will pay no federal income taxes for tax year 2022
Want a simplified system - do a VAT tax. People would no longer have to file & the emphasis would be on companies who have to report their revenue anyway. Due to the technology today unless one has a cash business it is difficult to hide revenue.
But people wouldn't be happy with a sales tax rate north of 25%