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Treasury Secretary Janet Yellen says a ‘shocking’ $7 trillion in taxes are going uncollected – Business Insider

Yellen urged that additional steps be taken to fetch the revenue, which could be used to finance President Joe Biden’s $4 trillion spending plans.

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Treasury Secretary Janet Yellen said a “shocking” amount of taxes are going uncollected by the federal government, and urged additional action to fetch this money from the wealthiest Americans.
“It’s really shocking and distressing to see estimates suggesting that the gap between what we’re collecting in taxes on current tax and what we should be collecting if everybody were paying for taxes that are due that amounts to over $7 trillion over a decade,” Yellen said in an interview with The Atlantic…

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