Thursday, September 28, 2023

Ultra-rich tax cheets

Senate Dems have obtained extraordinary new data from the IRS on tax avoidance by the super-rich.

Nearly 1,000 people who earn over $1 million per year didn't file tax returns at all for at least one year from 2017 to 2020, the data shows.

Also: The 2,000 people who represent the highest-income non-filers in at least one year from 2017 to 2020 owe a total of more than $900 million in taxes.

@RonWyden obtained the data from the IRS. I got a look at it.

GOP wants to gut IRS enforcement.

The GOP House voted to repeal IRS funding for expanded enforcement against rich tax cheats. Most of the 2024 GOP candidates have attacked that funding.

But it's already bringing in more revenues from wealthy tax avoiders. Rs want to roll that back.

Here again, the "working class GOP" makeover is mostly baloney. Republicans claim expanded IRS enforcement will hurt workers and small businesses. 

The reality is enforcement makes it more likely that elites and workers will be treated *equivalently.*

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