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Deficit cutters struggling to make ends meet in Washington are eyeballing an unusual pot of potential revenue: back taxes owed to the government by federal employees themselves.
According to an IRS study last year, those employees and federal retirees owed a staggering $3.3 billion dollars in delinquent tax payments to the government.
The federal agency with the largest back-tax bill? The US Postal Service, where hundreds of thousands of employees owed a total of more than $283 million, said the report.
Also high on the list is the Department of Veterans Affairs, where employees had more than $156 million in back taxes.
The biggest group, though, is retired military personnel. That group owed more than $1.5 billion dollars. [Inserted Note, much of this may be due to deployed military who have not filed tax returns but are allowed additional time to file after they return from deployment; also, the income earned in combat zones will not be taxable. What is the excuse of all those not serving in the military!]
And even the White House folks are behind in their taxes. Employees in the executive office of the president, which includes nearly 2,000 employees, owed more than $831,000 to Uncle Sam, the IRS found. . . . [Full Story]
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