Tuesday, December 15, 2009

Federal Employees Owe $3 Billion in Unpaid Taxes

Washington DC - Maybe their tax payments got lost in the mail. The U.S. Postal Service turns out to have more tax delinquents in its ranks than any other federal agency or department, according to the Internal Revenue Service. IRS statistics from 2008 detailing the amount of money federal workers failed to pay the government in taxes showed postal service employees owed $297.93 million ? nearly 10 percent of the $3.04 billion owed by federal employees and retirees from dozens of agencies. The tax gap among federal workers comes at a time when the federal government is running record deficits and trying to raise the $12 trillion debt limit so that it can continue spending at record levels next year.---...More