Rich Americans don't pay estimated $163 billion of taxes annually

Rich Americans don't pay estimated $163 billion of taxes annually Rich Americans underpay $163 billion in taxes each year.
Finance
September 12, 2021 10:18
Rich Americans don't pay estimated $163 billion of taxes annually

Rich Americans underpay $163 billion in taxes each year, Report informs, citing foreign media outlets.

The difference between taxes that citizens had to pay and the collected amount is $600 billion. Over the next decade, this figure is estimated to reach $7 trillion in total.

The United States plans to invest $80 billion to modernize the Internal Revenue Service to combat tax evaders. This measure alone should help increase tax collection by $320 billion over the next ten years.

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