Illegal Immigration

Essay specific features

 

Issue:

Social Issues

 

Written by:

Bertha P

 

Date added:

May 26, 2011

 

Level:

University

 

Grade:

B

 

No of pages / words:

10 / 2651

 

Was viewed:

7361 times

 

Rating of current essay:

 
Essay content:

[Underground illustration] In the process, the underground economy is undermining the effectiveness of the Internal Revenue Service, which is highly dependent on employees' withholding taxes. If the IRS could collect all the taxes it says that it is owed from the underground economy in a given year, then the current budget deficit would disappear overnight...
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And if the IRS could collect these taxes every year, then the nation would have surpluses as far as the eye can see. The IRS has estimated that its tax gap -- the estimated amount of taxes owed minus the amount collected -- is around $311 billion in any given year. The agency will produce a new estimate in 2005, and it could be as high as $400 billion, says former IRS Commissioner Donald Alexander...
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