Shocking:Federal Employees Owe Uncle Sam $3 Billion in Unpaid Taxes
At a time when the White House is projecting the largest deficit in the nation’s history, Uncle Sam is trying to recover billions of dollars in unpaid taxes from its own employees.
Federal workers owe more than $3 billion in income taxes they failed to pay in 2008. According to Internal Revenue Service documents, 276,300 federal employees and retirees owe $3,042,200,000.
The IRS tracks the voluntary compliance rate of federal employees and retirees each year, and each year feds come up short. The one bright spot in this year’s report is that after several years of a steady increase, the amount owed by feds is down from the previous year.
Federal employees and retirees owed $3,586,784,725 in unpaid income taxes in 2007.
Read the whole story at WTop.com
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