Tax Evasion at the Top of the Income Distribution: Theory and Evidence [pdf]

Re:Tax Evasion at the Top of the Income Distribution: Theory... by refurb on Sunday April 02, 2023 @08:20PM (#35416930)

Only 10% have other income than W2?

That doesnt reflect IRS data.

Just capital/gains losses is 20%, then self-employment income is another 20%, real estate or S-corp is another 10%, etc

Sure there is overlap, but it’s not 100% across all those. And its not like if youre not taking advantage of those things now you cant in the future.

https://www.irs.gov/pub/irs-soi/22inweek47.xls

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Re:Tax Evasion at the Top of the Income Distribution: Theory... by MechanicalTim on Sunday April 02, 2023 @09:43PM (#35417553)

Thanks for posting the raw data, it's super interesting and I wasn't able to find it on my own.

I think we are mostly in alignment, I have just been focused on "how to lower taxes on W2 income" where your point is that anyone can diversify their income streams and find opportunities with lower tax rates.

Anyway, I appreciate the info you shared. Cheers.

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