Top 1% Are Evading $163 Billion Annually In Taxes

“The wealthiest 1 percent of Americans are the nation’s most egregious tax evaders, failing to pay as much as $163 billion in owed taxes per year,” the New York Times reports.

“The analysis comes as the Biden administration is pushing lawmakers to embrace its ambitious proposal to beef up the Internal Revenue Service to narrow the ‘tax gap,’ which it estimates amounts to $7 trillion in unpaid taxes over a decade.”