America’s Richest 1% Dodge Taxes On More Than A Fifth Of Their Income, Study Finds
The top 1% of the highest-earning American households are hiding 21% of their income from the Internal Revenue Service, costing the nation some $175 billion a year in revenue, according to the latest estimation on the cost of tax evasion. That 1% accounts for more than a third of all unpaid taxes, concluded the study released this month by… Read more…
