> Most of the time, they do so by hiding their money.
They hide their money, in legal way. Specifically by misclassification. For example, you claim that a residence is your primary residence for tax purposes, but don't live in it. Or they claim a tax deduction on an art piece that was overvalued.
The issue isn't that the IRS can't collect money, the issue is that the tax code is complicated and cannot be automated. It requires interpretation, which is what lawyers do for a living.
For the average low-income person, the IRS could automatically do their taxes, but they don't. Not for lack of technical ability, but because of lobbying, which I'm not sure how blockchain would address.
They hide their money, in legal way. Specifically by misclassification. For example, you claim that a residence is your primary residence for tax purposes, but don't live in it. Or they claim a tax deduction on an art piece that was overvalued.
The issue isn't that the IRS can't collect money, the issue is that the tax code is complicated and cannot be automated. It requires interpretation, which is what lawyers do for a living.
For the average low-income person, the IRS could automatically do their taxes, but they don't. Not for lack of technical ability, but because of lobbying, which I'm not sure how blockchain would address.