Throwback Thursday: Treasury Not Collecting from Powerful People

In 1976, the Treasury Department hadn’t collected about $4.8 million in taxes — almost $25 million in 2022 dollars — “owed by government big shots who are chauffeured to and from home in government cars.”

For this double standard of taxing average Americans but ignoring the massive tax bills of the powerful, Sen. William Proxmire gave a Golden Fleece Award to the Treasury Department.

OpentheBooks.com

 

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