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

Top 1% of Americans dodge $163 billion in taxes annually: U.S. Treasury

The figure equals the amount of taxes paid by the bottom 90 per cent of the country, department finds

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.

America’s ultra-wealthy are responsible for 28% of unpaid taxes in US — $7 trillion in lost revenue: report

Wealthy Americans owe approximately 28% of all back taxes and have avoided paying an estimated $163 billion each year, according to a new report published by the U.S. Department of the Treasury. According to The New York Times, the Treasury found the top 1% of the United States' ultra-wealthy that have avoided paying taxes is "pushing the estimated tax gap, the amount of money owed by taxpayers that isn't collected, to nearly around $600 billion…

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

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

The richest 1 percent of Americans cheat by a total of $163 billion on their taxes each year, according to the Treasury Department.“Today’s tax code contains two sets of rules: one for regular wage and salary workers who report virtually all the income they earn; and another for wealthy taxpayers, who are often able to avoid a large share of the taxes they owe,” wrote Natasha Sarin, Deputy Assistant Secretary for Economic Policy.By employing a p…

Treasury Finds Wealthiest 1 Percent Dodge Over $160 Billion in Taxes Yearly

The Treasury Department found taxes owed by the ultra rich equal all income taxes paid by the bottom 90 percent yearly.