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Finance Chair Wyden Reveals Shocking New Data About Wealthy Individuals Who Have Failed to File Tax Returns; Nearly 1,000 millionaires Have Not Filed Returns and Owe Estimated $34 billion in Taxes; Few Wealthy Non-Filers Are Prosecuted

Press Release

By: Ron Wyden
By: Ron Wyden
Date: Sept. 28, 2023
Location: Washington, D.C.
Issues: Taxes

"Over the last decade, Congressional Republicans have led the push to cut IRS resources in order to let wealthy tax cheats off the hook--and according to this data they've succeeded. Odds are, if you're a wealthy tax cheat that doesn't even bother to file a tax return, you'll get away with it.

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This data makes clear that despite current political narratives peddled by my Republican colleagues, it remains exceedingly rare that wealthy individuals are subject to prosecution for willful failure to file violations, and thousands continue to evade responsibility for failure to file. I urge the IRS to initiate enforcement actions against every single millionaire non-filer as part of its ongoing effort to use Inflation Reduction Act funding to restore fairness in tax compliance."


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