Blogs
Political Calculations | The Distribution of the U.S. Mortgage Interest Tax Deduction by Income
If the federal government tries to increase the amount of its tax collections by eliminating or limiting the mortgage interest tax deduction, who's most at risk of seeing their taxes go up?
Reports
CRS | Tax Gap: Should the 3% Withholding Requirement on Payments to Contractors by Government Be Repealed?
The Internal Revenue Service (IRS) defines the gross tax gap as the difference between the aggregate tax liability imposed by law for a given tax year and the amount of tax that taxpayers pay voluntarily and timely for that year. It defines the net tax gap as the amount of the gross tax gap that remains unpaid after all enforced and other late payments are made for the tax year.
