IRS Says Federal Workers Owe Over 3 Billion In Unpaid Taxes

The government screams about tax cheats depriving it of money. Oooppps. It turns out federal workers owe over 3 billion in unpaid taxes according to the IRS.

As you've probably noticed, the federal government is spending as much money as it can borrow or print to try to get us out of the Great Recession. This has, of course, led to new wails of anguish from Congress regarding the tax cheats that don't pay their fair share of taxes due each year. This results in a rather vague "tax gap" of some $300 billion dollars, a number which appears to be based on a rather specious guess by the IRS.

Need Help with Tax Debt Problems?
Click Here To Talk to a Tax Expert

So, where is all this money? Well, the sexy answer is it in Switzerland or some other exotic location. One can practically envision thousands upon thousands of Americans lining up at the banks to make their deposits and then laughing wickedly like Mr. Burns on the Simpsons. In truth, of course, most of the tax gap is down to the simple fact that a lot of people just don't pay their taxes. The new study by the IRS bears this out.

The IRS has discovered that a whopping three billion in unpaid taxes is owed by federal employees. Yes, the government's very own employees aren't paying. The biggest offender is the United States Postal Service with just under $300 million owed. The USPS employees roughly 700,000 employees and 29,000 owe taxes.

Need Help with Tax Debt Problems?
Click Here To Talk to a Tax Expert

What about our political bodies? Well, taxpayers from the Senate owe 2.47 million in back taxes. The House of Representatives comes in at 5.81 million. The executive office came in at a rather diminutive $813,000 thousand. This number includes everyone that works in each body from elected officials to staff, janitors and so on. .76 percent of IRS employees owed back taxes. Since they can be fired for not paying taxes, you can bet this number will be going down!

The federal government is always in need of money. Now, at least, it knows where to find a few billion!

<< IRS Information