🌱 High-Income Tax Avoidance Far Larger Than Thought

estimates that the top 1% of households fail to report about 21% of their income, with 6 percentage points of that due to sophisticated strategies that random audits don’t detect. For the top 0.1%, unreported income may be nearly twice as large as conventional IRS methodologies would suggest

This is the sort of thing that leads to no trust in the system and revolution.