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IPFS News Link • TAXES: Federal

Taxpayers owe $385 billion in 2006 taxes: IRS

• Reuters

U.S. taxpayers owe an estimated $385 billion in unpaid taxes for 2006, up about a third from the "tax gap" five years before, the Internal Revenue Service (IRS) said.

Despite the wider shortfall between 2001 and 2006, voluntary compliance remained steady at about 83 percent for both years, the agency said on Friday in its five-year update on the amount of taxes that are never paid.

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