The federal tax gap—money people and companies owe Uncle Sam but fail to pay on time—has climbed to historic highs: $696 billion in 2022, according to the IRS. It’s money that—if recouped—could fund infrastructure or education or pay down government debt. The federal tax gap—money people and companies owe Uncle Sam but fail to pay on time—has climbed to historic highs: $696 billion in 2022, according to the IRS. It’s money that—if recouped—could fund infrastructure or education or pay down government debt. Economics & Business Phys.org – latest science and technology news stories