Description: More than 20% of the wealthiest Americans’ income isn’t being reported to the Internal Revenue Service, according to a new study that calculates U.S. tax evasion is far higher than previously estimated.
?Source: Yahoo.Finance.com
Date: Mar 23, 2021
Link: https://finance.yahoo.com/news/america-richest-found-clever-ways-093851786.html
Questions for discussion:
- What does report suggest about taxation and collection fairness?
- How do you think this information affects those who are unable to hide income?
- What would you suggest be done to deal with the matter?
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