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

Summary

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.

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Truthout

IRS Researchers Find Top 1% of US Households Don’t Report About 21% of Income

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

4 years ago·Sacramento, United States

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The Hill

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

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.

4 years ago·Washington, United States

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New York Post

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

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…

4 years ago·New York, United States

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Salon

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

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

4 years ago·San Francisco, United States

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

4 years ago·United States

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Raw Story

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

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...

4 years ago·United States

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Wall Street Journal broke the news in New York, United States 4 years ago on Sunday, March 21, 2021.

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

12 Articles

12 Articles

IRS Researchers Find Top 1% of US Households Don’t Report About 21% of Income

IRS Researchers Find Top 1% of US Households Don’t Report About 21% of Income

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

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

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

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

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

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

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

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

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

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

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Bias Distribution

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