Judd Legum

@JuddLegum ↗

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Last Checked Aug. 29, 2022

Created

Thu Oct 21 13:48:33 +0000 2021

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Judd Legum @JuddLegum

3. Often the IRS receives no information about the income of the wealthiest Americans, apart from what they voluntarily report to the government Surprise! Many of them are cheating on their taxes https://t.co/GxkMOPeY9f — PolitiTweet.org

Posted Oct. 21, 2021 Hibernated

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Judd Legum @JuddLegum

2. Right now there are two sets of rules. If you earn income via wages from an employer, the IRS knows EXACTLY how much you earn. Your employer reports it to the IRS. But the income of wealthy investors and business owners is completely opaque https://t.co/GxkMOOXmKF — PolitiTweet.org

Posted Oct. 21, 2021 Hibernated

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Judd Legum @JuddLegum

4. The wealthiest 1% of American taxpayers are "are hiding more than 20 percent of their earnings." This adds up to an estimated $160 BILLION of unpaid taxes each year. https://t.co/GxkMOPeY9f — PolitiTweet.org

Posted Oct. 21, 2021 Hibernated