The top 1% of high-income households in the US fail to report 20% of their income, a new paper reveals

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The top 1% of US earners aren't reporting about a fifth of their income, new research shows.Offshore accounts and pass-through businesses are used to avoid taxes.

These high-income households avoid paying tax through a number of ways, researchers found, adding to a

 

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enricomolinari Don't put those fatties up there~

and if the top 1% have 50% of the wealth that means that 10% of all wealth isn't taxed?

Why would that surprise anyone.

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