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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:
https://www.cnbc.com/2019/11/19/tax-avoidance-by-the-rich-could-top-5-trillion-in-next-decade.html
@freemo
Existence of informal economies is an indication of bad state of the economy, the rich in the informal economy might also be evading more tax than their poor counterparts, we just don't have the data for that due to the complexity of arriving at such information about the informal market.
The rich criminal still makes more than a poor criminal, just like the rich non-criminal, I think that's quite obvious.
