The Awesomely Affluent are Cheating Average Americans of More Than $400 Billion a Year in Federal Taxes

by SAM PIZZIGATI – Congress needs to subject the super rich to the same reporting and withholding standards as the rest of us The folks working for the federal government can do some incredible things. Over at NASA, for instance, they’re now putting the finishing touches on the new James Webb Space Telescope — an instrument The Washington Post says will be powerful enough “to capture the heat signature of a bumblebee on the moon.” Amazing. We can now spot a bug in space. So why can’t we spot people who cheat on their taxes right here in the US of A? A great many people, the IRS says in a new report, are stiffing Uncle Sam. Our federal “tax gap” — the disconnect between what taxpayers owe and what they eventually pay — is now averaging $406 billion a year. That eye-opening figure comes from the 17 percent of taxpayers who...

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