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How the Biden administration plans to collect $700B from wealthy tax cheats

The Treasury Department estimated the so-called tax gap, or the difference between what is owed and what was actually paid, will reach $7 trillion over the next decade. Here's a look at how the Biden administration plans to make sure taxpayers, especially the wealthy, pay the taxes they legally owe.

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How the Biden administration plans to collect $700B from wealthy tax cheats
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    The Biden administration is looking to make sure taxpayers — largely the wealthiest Americans — pay the taxes they legally owe.

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