It’s over 10 years. We will collect roughly
50 trillion with a T over that time. If they are able to increase revenue by just 1% based on eliminating fraud (fraud is estimated at 20-25% of tax revenues) it would have a ~6x return on investment.
We absolutely need to invest in both compliance/enforcement resources and modernizing out systems (which is what a lot of the investment is for)
Throughout my career I’ve been a big proponent of investing in revenue generating activities. It served me well.
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In response to this post by TomKazanski)
Posted: 10/30/2023 at 6:30PM