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Phys Org

Phys Org

Business

Business & Economics

Self-employment income widely underreported, survey shows

Phys Org
Summary
Nutrition label

92% Informative

U-M study finds majority of self-employment income missing from tax records is due to unreported earnings.

IRS has determined shortfall between taxes owed and taxes collected by government amounts to an estimated $606 billion .

Study: Majority of missing income does not reflect misreporting of income, but rather reflect income not being reported to IRS .

VR Score

96

Informative language

99

Neutral language

60

Article tone

formal

Language

English

Language complexity

71

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

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no affiliate links