To divine the true meaning of a gap, I usually need to go beyond calculating the difference between my gross pay and net pay on the 15th and 30th of each month.That my friends, is Webster’s unabridged definition of a gap.
But on a far larger scale, most of you have seen a flurry of editorial content -- some of it on this site as well as in our print publications -- about the current impetus to reduce the widening crater known simply as the “tax gap” -- the amount between taxes legally owed and what’s actually collected. At last report that figure was hovering at about the $300 billion mark. To put that number in perspective, that’s roughly $1,000 for every (ahem, legal) resident of the U.S.
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