Tom Coburn, the former senator currently leading a movement for a Convention of States, unloaded on Congress during a hearing before the Senate Committee on Homeland Security and Governmental Affairs Wednesday.
Americans earning six figures or more paid 79.5 percent of the nation’s share in individual income taxes in 2014, according to the latest preliminary data from the Internal Revenue Service.
Tax Freedom Day will fall on April 24 this year, meaning that Americans must work 114 days into the year before being able to afford their total tax bill, according to a report from the Tax Foundation.
The IRS denied tax-exempt status to 57 religious or charitable groups in 2015, according to recent data from agency.
The Internal Revenue Service hosted events that exceeded cost estimates and often failed to meet requirements for their approval, according to a report from the Treasury Inspector General for Tax Administration.
The IRS has answered only 15.6 percent of customer service calls during the 2016 tax-filing season so far, according to testimony from the Treasury Inspector General for Tax Administration.
Sen. David Vitter (R., La.) is demanding answers from the IRS after Congress was issued tax forms designating it as a large employer despite its registering as a “small business” through the Washington, D.C., health care exchange.
The IRS has kept $4.75 billion in overpayments from taxpayers who can no longer legally claim them back, according to an audit from the Treasury Inspector General for Tax Administration.
When a taxpayer sends a payment to the IRS, and the IRS is unable to determine which taxpayer’s account the payment is for, the money is applied to the unidentified remittance file.
The Internal Revenue Service targets individual taxpayers and corporations for audits at higher rates when Democrats are in control of the White House, according to a study highlighted by Harvard University’s Shorenstein Center for Media, Politics and Public Policy.
Inflation-adjusted federal tax revenues hit a record $765 billion for the first quarter of fiscal year 2016, but the federal government still ran a $215 billion deficit during that time, according to the latest monthly Treasury Department statement.