Cheating on your taxes — if you happen to be filthy rich — has never been easier. Or more lucrative.
So we’re learning from a new surge of scholarship and research from academics, activists, and veteran tax attorneys. Our richest aren’t just paying a smaller share of their income and wealth in taxes than average Americans. Many of our rich, the data show, are barely paying any tax at all.
How could this be? The simplest reason: Budget and staffing cuts, report researchers at the Syracuse University TRAC project, have left the IRS “incapable of fairly and effectively auditing” the over 637,000 Americans who last year
— source counterpunch.org | Sam Pizzigati | Mar 29, 2021