Connect with us

Business

Treasury Secretary Janet Yellen says a ‘shocking’ $7 trillion in taxes are going uncollected – Business Insider

Yellen urged that additional steps be taken to fetch the revenue, which could be used to finance President Joe Biden’s $4 trillion spending plans.

Published

on

Article feature image
ADVERTISEMENT

Treasury Secretary Janet Yellen said a “shocking” amount of taxes are going uncollected by the federal government, and urged additional action to fetch this money from the wealthiest Americans.
“It’s really shocking and distressing to see estimates suggesting that the gap between what we’re collecting in taxes on current tax and what we should be collecting if everybody were paying for taxes that are due that amounts to over $7 trillion over a decade,” Yellen said in an interview with The Atlantic…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Discovery Chief David Zaslav Gets in Fighting Shape for WarnerMedia Takeover (Column) – Variety
Article feature image
China says retail sales grew 17.7% in April, missing expectations – CNBC
Article feature image
Elon Musk Response To UFC Fighter Is More Evidence Of What Could Be Another Record Quarter For Tesla – CleanTechnica