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Improved IRS enforcement could raise $1 trillion in 10 years — even without raising taxes: study

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According to Markets Insider, a new National Bureau of Economic Research study by economists Larry Summers and Natasha Sarin suggests that the Internal Revenue Service could boost tax collection by $1 trillion over the next 10 years without any tax increase — just by increasing audits, improving their information technology and reporting requirements, and therefore collecting unpaid taxes that people already owe.

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Such an overhaul would require around a $100 billion boost to the IRS budget, they estimated — meaning it would more than pay for itself.

“Almost everyone involved in public-policy debates agrees that it would be good if the federal government could collect more revenue without raising tax rates or reducing tax deductions or credits,” wrote Summers and Sarin in an overview in the Washington Post. “It should be indisputable that investment to make sure all citizens meet their tax obligations is desirable.”

One of their most notable findings is that under the current system, around $7.5 trillion in taxes will go uncollected by 2029 — and that 70 percent of it will be taxes owed by the top 1 percent of earners.

Despite the top 1 percent’s overwhelming share of uncollected taxes, an investigation in May by ProPublica found that the IRS audits these earners at a rate of just 1.56 percent — which is just slightly more than the rate at which the IRS audits claims of the earned income tax credit (EITC), a program used mainly by people who make less than $20,000 a year.

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Trump’s digestive system the butt of jokes after he argues it takes 10 to 15 times to flush the toilet

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President Donald Trump made a brazen claim about how many times it takes to flush a toilet that had people wondering about the commander-in-chief's experiences when sitting on his thrown.

"People are flushing toilets ten times, fifteen times -- as opposed to once," Trump claimed while arguing against water conservation efficiency standards.

Here's Trump saying that he's heard from many people complaining about "flushing toilets 10 times, 15 times." pic.twitter.com/75HXYcH4xq

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Ex-GOP lawmaker drops the mic on Lindsey Graham: ‘A political opportunist who will flop with the winds’

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Former Rep. David Jolly (R-FL) told Vox.com's Sean Illing this week that he hasn't seen that much change between the Sen. Lindsey Graham (R-SC) that we saw before President Donald Trump's election and the Lindsey Graham we see today.

Over the course of a lengthy interview, Illing asked Jolly how anyone could compare the statements that Graham made about Trump in 2016 with the fierce defenses he's recently been making of the president and not conclude that the South Carolina senator is a blatant fraud.

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Nikki Haley buried for Confederate flag ‘heritage’ defense: ‘Pleading to Trump to make her the VP right here’

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Former South Carolina governor and U.N. Ambassador Nikki Haley stepped in it on Friday afternoon after making the bizarre claim that the Confederate flag was a symbol of "service, and sacrifice, and heritage" until convicted murderer Dylann Roof "hijacked" it.

During an interview with conservative talk show host Glenn Beck, Haley stated, "“Here is this guy who comes out with this manifesto, holding the Confederate flag. And [he] had just hijacked everything that people thought of. We don’t have hateful people in South Carolina — there’s always the small minority, that’s always going to be there — but people saw it as service and sacrifice and heritage, but once he did that, there was no way to overcome it.”

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