tax revenue Archives

Taxes April 23, 2025

Ex-Treasury Secretary Says Trump ‘Attack’ on IRS Risks $1 Trillion Revenue Hit

Lawrence Summers said that the Trump administration’s moves to downsize the IRS, along with other changes, are likely to incentivize reduced tax-payment compliance.

Taxes March 25, 2025

IRS Cuts May Cost $500 Billion in Lost Tax Revenue as Taxpayers Exploit System

Cuts to IRS staffing and taxpayer behavior are contributing factors in the anticipated revenue decline.

tax revenue

Featured Articles

Ex-Treasury Secretary Says Trump ‘Attack’ on IRS Risks $1 Trillion Revenue Hit

IRS Cuts May Cost $500 Billion in Lost Tax Revenue as Taxpayers Exploit System

Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more...

Accounting & Auditing

Tax

Payroll

Tech

Advisory

Firm Management

The Profession

Resources

Conference

tax revenue

Featured Articles

Ex-Treasury Secretary Says Trump ‘Attack’ on IRS Risks $1 Trillion Revenue Hit

IRS Cuts May Cost $500 Billion in Lost Tax Revenue as Taxpayers Exploit System

Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more...