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Tuesday, December 15, 2009

Feds owe Uncle Sam $3B in unpaid taxes - wtop.com

From WTOP:

At a time when the White House is projecting the largest deficit in the nation's history, Uncle Sam is trying to recover billions of dollars in unpaid taxes from its own employees. ...Federal workers owe more than $3 billion in income taxes they failed to pay in 2008. According to Internal Revenue Service documents, 276,300 federal employees and retirees owe $3,042,200,000. The IRS tracks the voluntary compliance rate of federal employees and retirees each year, and
each year feds come up short. The one bright spot in this year's report is that after several years of a steady increase, the amount owed by feds is down from the previous year. ..Federal employees and retirees owed $3,586,784,725 in unpaid income taxes in 2007. ..The documents show delinquent employees from nearly every federal agency with more than 25 employees. Based on percentages, the Department of The Treasury, which includes the IRS, has the best compliance rate. Fewer than 1 percent of Treasury employees didn't pay their taxes in 2008

Read Here:Feds owe Uncle Sam $3B in unpaid taxes - wtop.com

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