Tax Gap Resources

 

The “tax gap” is the difference between taxes paid and taxes owed by law. One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the tax gap—an approach that rather than raising new taxes, focuses on collecting the taxes that are already owed. This policy is supported by President Biden and has been supported by former Presidents Reagan, Bush, Clinton, Bush, Obama, and Trump, and much like cutting erroneous spending, should be a policy supported by all lawmakers.

In our Tax Gap Primer, we answer the following questions:

Committee for a Responsible Federal Budget Tax Gap Content

 

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