Taxes Avoided By The Rich Could Pay Off Deficit

• Conservative deficit scolds always argue that the US has a spending problem, not a revenue problem; all while providing cover for the rich tax cheats who avoid paying their fair share.

• Withheld revenue, in the form of tax avoidance by the rich, is the true problem and collecting it could pay off the deficit.

• Individual and small business tax avoidance costs us $450 billion.

• Corporate tax avoidance is between $250 billion and $500 billion.

• Tax haven losses range from $337 billion to $500 billion.

Taxes Avoided by the Rich Could Pay Off the Deficit