re: #2 Anymouse 🌹🏡😷

It’s not that they fail to report 21% of their income. It’s that they’ve figured out how to shield 20% of their income from federal tax law under the rules they helped develop. Lax enforcement makes it even easier to build these tax shelters that allow free flow of billions into these businesses and tax devices.

The poor can’t take advantage of any of it because they’re not able to access those same kinds of sophisticated tax vehicles or have the income worth it for tax advisers to carry out.

But the IRS will focus on the EITC instead of the tens of billions squirreled away by a handful of multi-millionaires and billionaires.