Interesting fact of the day:

In the USA current estimates have the total Tax Avoidance of the top 1% wealthy at 500 million per year collectively or 5 trillion per decade.

By comparison the total tax avoidance of all the middle class and poor who work under the table totals about 2 trillion per year, four times more.

Remind me again how the rich avoiding taxes are the main problem?

Sources:

cnbc.com/2019/11/19/tax-avoida

npr.org/2013/03/26/175361658/t

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Update: I misread some of the data when I posted this a bit sleep deprived. The 2 trillion figure is not taxes avoided but the value of the untaxed trade itself.

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