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Tax Fraud Is a $30B Industry (and Growing)
- JoeAltmaier 12y agoSO, on a $1T take, that's like 3%. Ignore it.
- lkbm 12y agoIt's a tiny percentage, but the real question is whether the cost of claiming it exceeds the benefit.
- billhendricksjr 12y agoThere are some very basic things that could be done to reduce tax fraud. Requiring employers to e-file W-2s to IRS at the same time they send them to their employees would cut this problem down significantly.
- JoeAltmaier 12y agoI'm in favor of automating taxes completely. Its an entropic waste of human talent to spend 3 months every year, smart people thrashing over numbers. Imagine what they could accomplish!
- billhendricksjr 12y agoI couldn't agree more!