The top sliver of high-income Americans dodge significantly more in income taxes than the Internal Revenue Service’s methods had previously assumed, according to forthcoming estimates from IRS researchers and academic economists.

The Hill

Washington

District of Columbia

United States

IRS researchers: Top 1 percent avoids taxes on one-fifth of their income

The richest Americans dodge much more in income taxes than the Internal Revenue Service previously assumed, according to research being published Monday by IRS and academic researchers. The top 1 percent of U.S. households don't report about 21 percent of their income, and a big slice of that — 6 percentage points — is from sophisticated tax-avoidance strategies that aren't detected in spot IRS audits, The Wall Street Journal reports. The top 0.…

Yahoo News

Los Angeles

Los Angeles County

California

The richest Americans don't report at least 20 percent of their income to the IRS, new research suggests

The richest Americans use crafty methods to dodge taxes on far more income than the feds previously thought, a new study shows. The Internal Revenue Service tries to catch high-income tax evaders w…

Ad Fontes Media

All Sides

Media Bias/Fact Check

New York Post

Murdoch family

New York

Rich people are dodging more taxes than the IRS realized, study finds

The top 1 percent of households in terms of income fail to report an astonishing 21 percent of their income to the IRS, according to a new paper co-authored by IRS researchers and prominent academics in the National Bureau of Economic Research.

Nexstar Media Group

A new analysis by IRS researchers and academics published Monday morning estimates that the richest 1% of U.S. households don't report around 21% of their income, often using complex tax avoidance strategies that allow them to outmaneuver the federal government's increasingly rare audits of the we...

Raw Story

John K. Byrne

Michael Rogers (publisher)

'This is tax evasion': Richest 1 percent of US households don't report 21 percent of their income, analysis finds

The top 0.1% fail to report almost double that by using methods such as offshore accounts and pass-through businesses, researchers found.

Business Insider

The top 1% of high-income households in the US fail to report 20% of their income, a new paper reveals

“The top sliver of high-income Americans dodge significantly more in income taxes than the Internal Revenue Service’s methods had previously assumed, according to forthcoming estimates from IRS researchers and academic economists,” the Wall Street Journal reports.“Overall, the paper estimates that the top 1% of households fail to report about 21% of their income, with 6 percentage points of that due to sophisticated strategies that random audits…

Political Wire

Goddard Media LLC

High-Income Tax Avoidance Far Larger Than Thought

IRS researchers and academic economists estimate unreported income at the very top may be nearly twice as large as agency approaches suggested. 

Wall Street Journal

High-Income Tax Avoidance Far Larger Than Thought, New Paper Estimates

Progressives have introduced a bill to boost the IRS budget to increase audits of the rich and claw back $1.2 trillion in revenue.

Salon

Chris Richmond (entrepreneur)

San Francisco

San Francisco County

Top 1% fails to report over 20% of income using potentially "criminal" tactics: IRS analysis

"We estimate that 36% of federal income taxes unpaid are owed by the top 1%."

Common Dreams

Independent Media

'This Is Tax Evasion': Richest 1% of US Households Don't Report 21% of Their Income, Analysis Finds

The new analysis finds that these households often use complex tax avoidance strategies to outmaneuver audits.

High-Income Tax Avoidance Far Larger Than Thought, New Paper Estimates

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