If the rich actually paid their taxes we could afford all these programs.(Picture)
CBO found that the estimated amount of taxes owed but ultimately unpaid was $381 billion on average annually from 2011 to 2013 according to the latest data from the IRS. The tax gap is almost certainly substantially higher given that the total revenue collected has gone up by more than a third since that time. A recent academic study found that roughly 70% of the gap is explained by underpayment of the top 1%.
https://www.commondreams.org/news/2020/07/09/absolute-outrage-sanders-rips-wealthy-tax-cheats-cbo-estimates-381-billion-annual?amp
https://www.sanders.senate.gov/newsroom/press-releases/cbo-report-commissioned-by-sanders-finds-wealthy-tax-cheats-the-prime-beneficiaries-of-irs-budget-cuts
If the rich actually paid their taxes we could afford all these programs.(Picture)
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July 28, 2020
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