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In 2021, Charles P. Rettig, Mr. Trump’s first-term pick to lead the I.R.S., speculated that the tax gap could be as much as $1 trillion a year, a figure much larger than the I.R.S. estimate at the time, as he called for a bigger budget for the agency.
- Simplified Text
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In 2021, then-IRS leader Charles P. Rettig speculated the tax gap could be $1 trillion a year while calling for a larger budget.
- Confidence Score
- 1.000
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- Context Type
- News Article
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{ "year": "2021", "person": "Charles P. Rettig", "speculation": "tax gap could be as much as $1 trillion a year" } - Subject Tags
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- 2d6dd586-9dfc-49af-bbbb-4098d462c6e9
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- Created
- September 18, 2026 at 1:17 AM (3 weeks ago)
- Last Updated
- September 18, 2026 at 1:17 AM (3 weeks ago)
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3 weeks ago
https://nytimes.com/2026/09/16/business/trump-irs-tax-gap.html
The Trump administration has delayed the publication of the annual IRS estimate of unpaid taxes, making it difficult to assess the fiscal cost of the decline in the agency's ability to audit the rich. This delay is part of a broader pattern of the administration stopping or changing federal data measurements.
Similar Claims (5)
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Simplified: The IRS began releasing its tax gap estimate annually during the Biden administration.3 weeks ago
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Simplified: The IRS estimates the tax gap by extrapolating noncompliance rates from a statistical sample of intensive audits to the general taxpayer population.3 weeks ago
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Simplified: IRS leader Frank Bisignano has cast doubt on the tax gap metric and indicated a desire to focus on the 'addressable tax gap'.3 weeks ago
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Simplified: The IRS's 2022 tax gap estimate is based on noncompliance rates from tax filings between 2014 and 2016.3 weeks ago
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Simplified: The majority of the IRS tax gap results from individuals underreporting their income on filed tax returns.3 weeks ago