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Reagan: unpaid taxes could wipe out deficit

By With Analysis From Monitor Correspondents Around The World, Edited By Susan Garland / April 26, 1982


President Reagan urged Americans to stop cheating and pay an estimated $95 billion in taxes due to the government each year.

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In his weekly radio address, the President said if recovered, tax revenue lost in transactions not reported to the Internal Revenue Service would nearly wipe out the projected $100.5 billion 1982 federal spending deficit.