The easy money: the deficit will force politicians to look for revenues, sooner or later. They can start with the $350 billion in taxes owed to the government.(TAX POLITICS)

THE INTERNAL REVENUE SERVICE estimates that some $350 billion in taxes owed to the federal government is evaded or otherwise unpaid every year. That sum, also known as the "tax gap," nearly equals the current federal budget deficit.

Of this $350 billion, enforcement efforts eventually recover about $43 billion--and much more could be collected if the nation's tax-enforcement system were permitted to operate more effectively. Most of the tax gap steins from underreporting of net income--reporting too little income or too much in the way of expenses--under the ...

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