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Top 1% evading 163 billion dollars in taxes... per year.
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We all knew it, now there's a dollar figure on it as Biden pushes lawmakers to beef up IRS enforcement.

https://www.nytimes.com/2021/09/08/business/irs-tax-avoidance.html?smtyp=cur&smid=tw-nytimes

" The analysis comes as the Biden administration pushes lawmakers to embrace its ambitious proposal to beef up the Internal Revenue Service to narrow the β€œtax gap,” which it estimates amounts to $7 trillion in unpaid taxes over a decade. The White House has proposed investing $80 billion in the agency over the next 10 years to hire more enforcement staff, overhaul its technology and usher in new information-reporting requirements that would give the government greater insight into tax evasion schemes. "

Surprisingly, Republicans are not surging to chase down these scofflaws and have greater fiscal responsibility overall on our economy.

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3 years ago