As the tax reform debate begins to heat up, businesses and investors are beginning to pay closer attention to the House GOP Tax Reform Blueprint, a tax plan released last June by Speaker Paul Ryan and House Ways and...
- The Tax Policy Blog
- Debunking a Myth Before Further Propagation
Debunking a Myth Before Further Propagation
Does a large portion of America's rich get away from the IRS scot-free, escaping federal income taxes?
In fact, according to 2009 IRS data (table 1.1), only 0.3 percent of non-payers (tax filers who pay no federal income tax) earn more than $100,000/year.
The claim that droves of America's wealthy are getting away from the IRS is erroneous. It is yet another fallacy that could further erode the possibility of civil political discourse between parties and their constituents, which could result in a slower economic recovery.
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