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Tax Avoidance and Evasion
The United States income tax system is based on the idea of voluntary compliance. Under this system, it is the taxpayer’s responsibility to report all income. Tax evasion is illegal. Sometimes people do not report income gained through illegal activities such as gambling and selling stolen goods. Other times they do not report all the tips they collect or the money they earn through legal activities. Here, we will discuss broadly about tax evasion and avoidance in the US.