US EditionHigh-Income Tax Avoidance Far Larger Than Thought, New Paper Estimates
12 Articles
12 Articles
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.
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…
'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...
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