By David Sirota, Too Much Information, July 9, 2020
The next time you hear conservative politicians insist they want “law and order,” hate “looting” and believe America can’t afford new government programs, show them two landmark reports that emerged in the last 24 hours. The data in those analyses tell the story of conservative politicians letting billionaires and corporations brazenly evade laws and effectively loot hundreds of billions of dollars from the public treasury — all while those same politicians plead poverty to justify cutting the social safety net during a lethal pandemic.
The first report came from the nonpartisan Congressional Budget Office, which found that between 2011 and 2013, $381 billion of taxes went unpaid every single year. Couple that data with recent Harvard University research showing that the top 1 percent of income earners are responsible for 70 percent of the tax gap, and you see the full picture: The wealthiest sliver of the population is depriving the American public of about $266 billion of owed tax revenue every year.
There are about 1.6 million households in the top 1 percent — so that means among this income group, the rate of tax cheating is about $166,000 per household.
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