What's your take on the "tax gap"?

Question

Recently reported, undeclared and unpaid income tax is worth $2680 per US household or $300 billion.

In a story a month ago in the LA Times, it was reported:

"A favorite tax dodge involves transferring funds to banks in countries with little or no income taxes and arranging the books so that all the profits seem to have been made there. Sen. Conrad said a single five-story building in the Cayman Islands, a notorious tax haven, was listed as the local address of 12,000 U.S. companies. Conrad said that while he was North Dakota's tax commissioner, he found an oil company that showed losses at every step of the marketing chain in the United States — but made up for it and then some in the Cayman Islands, even though it has only one employee there.

"That man is really a hard worker," Conrad said. "He's down there producing millions in profits when thousands of employees in the United States produce none".

Should the government do more to crack down on tax avoidance?

Answer 1

Yes they should do something. It is time that Congress appropriated money so that IRS employees trained at great public expense can do the job they are well-trained for.

Answer 2

Absolutely. Because someone is going to have to make up for it and its going to be the average american worker. Its us people in the middle trying to lift the poor up while the super rich are still bringing us down.