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Dec 05, 2021SUBSCRIBE NOW

The top 1 percent are evading $163 billion a year in taxes, the Treasury finds

The wealthiest 1% of US taxpayers are responsible for an estimated $163bn in unpaid tax each year. The Biden administration proposes closing the tax gap by empowering the Internal Revenue Service to more aggressively pursue unpaid taxes. Republicans in Congress and lobbyists for business are united in opposition to the proposal to beef up tax enforcement.
3 months ago|Washington, United States

BIAS COVERAGE DISTRIBUTION

26 of these news sources are bias rated
15 lean LEFT
L 58%
C 30%
12%
HuffPost
Daily Kos
Common Dreams
Alternet
+2
The Guardian
The Independent
New York Times
CBS News
+7
CNBC
IBTimes
The Hill
VOA News
+5
Russia Today
National Post
DNyuz
ALL ARTICLES
Yahoo News
Yahoo News

US’s wealthiest 1% are failing to pay $160bn a year in taxes, report finds

This amounts to 28% of the ‘tax gap’, treasury report says, which Biden proposes closing by empowering IRS to pursue aggressively The US Department of the Treasury in Washington DC. Photograph: Olivier Douliery/AFP/Getty Images The wealthiest 1% of Americans are responsible for more than $160bn of lost tax revenue each year, according to a new report from the US treasury. Natasha Sarin, deputy assistant secretary for economic policy, said: “A we…

3 months ago|Los Angeles, United States
The Guardian
The GuardianL

US’s wealthiest 1% are failing to pay $160bn a year in taxes, report finds

This amounts to 28% of the ‘tax gap’, treasury report says, which Biden proposes closing by empowering IRS to aggressively pursue

3 months ago|London, United Kingdom
The Independent
The IndependentL

Top 1% responsible for $163 billion in unpaid tax, says US Treasury

The wealthiest 1 per cent account for 28 per cent of the tax gap, while the top 20 per cent of earners account for 77 per cent of the gap

3 months ago|London, United Kingdom
CNBC
CNBCC

Top 1% dodge $163 billion in annual taxes, Treasury estimates

The top 1% of Americans may be avoiding as much as $163 billion in annual taxes, according to a report from the U.S. Department of the Treasury.

3 months ago|United States
New York Times
New York TimesL

The top 1 percent are evading $163 billion a year in taxes, the Treasury finds.

A new report makes the case that narrowing the tax gap is part of the Biden administration’s ambition to create a more equitable economy.

3 months ago|New York, United States
CBS News
CBS NewsL

Richest Americans fail to pay $163 billion in taxes, Treasury estimates

The so-called "tax gap" could total $7 trillion over the next decade.

3 months ago|New York, United States
IBTimes
IBTimesC

Treasury Says Top 1% Dodge $163 Billion In Taxes Annually, Calls For Increased IRS Funding

The Treasury Department released a report on Wednesday that shows how the top 1% of earners in the U.S. are dodging $168 billion in taxes annually. With this finding, the department says it is necessary to inject new funding into the Internal Revenue Service (IRS) to fill what it terms as the “tax gap.”

3 months ago|United States
The Hill
The HillC

Treasury: Top 1 percent responsible for $163 billion in unpaid taxes

The U.S. loses roughly $163 billion each year in taxes owed and unpaid by the richest Americans, the Treasury Department estimated in a Wednesday blog post defending President Biden’s tax plan.

3 months ago|Washington, United States
NY Daily News
NY Daily NewsL

Richest 1% dodges $160 billion in taxes each year, Treasury Department finds

They got Al Capone on tax evasion, but they can’t get Jeff Bezos.

3 months ago|New York, United States
Russia Today
Russia TodayR

RT’s Keiser Report looks at wealth disparity in US, where the richest are the biggest tax evaders

A new report by the US Treasury Department showed that the top 1% of American earners dodge about $163 billion in taxes every year, which makes them the biggest evaders by far.Max and Stacy discuss why the rich are getting richer and why all of this could eventually lead to the collapse of US society.For more stories on economy & finance visit RT's business section

3 months ago|Russian Federation
COVERAGE DETAILS

BIAS COVERAGE DISTRIBUTION

26 of these news sources are bias rated
15 lean LEFT
L 58%
C 30%
12%
HuffPost
Daily Kos
Common Dreams
Alternet
Truthout
The Guardian
The Independent
New York Times
CBS News
NY Daily News
Newsweek
Star Tribune
Bangor Daily News
Mediaite
The Week
CNBC
IBTimes
The Hill
VOA News
Business Insider
Political Wire
MarketWatch
Forbes
Russia Today
National Post
DNyuz
Total News Sources28Leaning Left15 sourcesLeaning Right3 sourcesCenter8 sourcesLast Updated3 months ago
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