DleiApr 24, 2023
Robert Reich

Researchers estimate that if the top 1% of Americans paid the full amount of taxes they owed, it would raise $175 billion a year.

That’s just UNPAID taxes. Not new or higher taxes.

This is the real looting in America.

Apr 18, 2023 at 4:11pmWeb
Show threadRobert ReichApr 18, 2023
https://www.washingtonpost.com/business/2021/03/26/wealthy-tax-evasion/
The richest 1 percent dodge taxes on more than one-fifth of their income, study shows

Those at the very top of the income spectrum deny the U.S. government roughly $175 billion a year in revenue, researchers estimate.

The Washington Post
Show threadDomApr 18, 2023
@rbreich based on the graphic, it should read top 5%, not just 1%.
Show threadCharlieApr 25, 2023
@rbreich Why should the vast American financial infrastructure (including our courts and enormous police power) be used to protect the accumulated wealth of the 1 percent if they aren't gonna pay their fair share of all the government run wealth protection services? The Rich benefit disproportionately from stable and fair rule of law.
Show threadCraig VillamorApr 18, 2023
@rbreich This is why I don’t particularly like the “wealth tax” narrative. It implies another tax and that sounds like a lot of (unpopular) work. The super wealthy simply need to pay the taxes that already exist.
Show threadRichard BillingsleyApr 18, 2023
@rbreich I m tired of freeloading billionaires
Show threadArt Saves Us AllApr 18, 2023

@rbreich

The government could do something about this abuse, if it wanted to.

Show threadDidTheyLetUVoteApr 18, 2023
@rbreich And LIFT the CAP!
Show threadmav Apr 18, 2023
@rbreich ok, now do #wagetheft
Show threadKevin Ryan ✍️Apr 18, 2023
@rbreich but America is there to feed that 1% , not the other way around
Show threadJed BrownApr 19, 2023
@rbreich Sir, you quoted WaPo to make your point. BTW, if we know what they owe, then why do they do their own taxes? Why not just have the government start confiscating? I mean, it worked for Stalin, right?
Show threadIshcabibleApr 23, 2023

@rbreich

As a person who spent his entire professional life in the tax business, i can attest to the below. The rich, not all, but a lot, think rules do not apply to them. And their money allows them to buy politicians who do their bidding. Like cutting the IRS budget and telling the poor and middle class it's for them!
Think the Panama Papers! All those off shore accounts!!

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