Treasury Secretary Henry Paulson thinks we have no choice but to let people evade taxes, apparently. Having just paid my taxes, I find that a little annoying.
In testimony before Congress yesterday, Paulson made a case for restraint in closing the the tax gap, which is a sanitized way of putting the annual total of tax evasion, avoidance and errors (noncompliance, in tax speak). IRS estimates the tax gap to be at $353 billion a year, or about 16 percent of total taxes owed.
So why can't we go after this money? Here's Paulson: