
814-Will Your Bank Automatically Send All Your Info to the IRS?
Radical Personal Finance
00:00
Is There a Difference Between Tax Dance and Tax Evasion?
A recent study found that the top one % failed to report 20% of their income and failed to pay over 175 billion dollars in taxes. As a result of budget cuts, audit rates on those making over one million dollars per year fell by 80%. "There is a dramatic difference between tax dance and tax evasion," he says.
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