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TAX GAP IS BIGGER THAN ESTIMATED
America's wealthiest use sophisticated strategies like concealed offshore wealth and pass-through businesses to evade taxes more than previously thought.
Sophisticated evasion
Less sophisticated evasion
10-20%
20-30%
30-40%
40-50%
50-60%
60-70%
70-80%
80-90%
90-95%
95-99%
99-99.5%
99.5-99.9%
99.9-99.95%
99.95-99.99%
99.99-100%
Position in the income distribution
0%
20%
10%
8%
6%
4%
2%
26%
24%
22%
18%
16%
14%
12%
Underreported income, % of true income