.MaddowBlog: The wealthy's tax evasion costs us $163 billion a year, but congressional Republicans still won't help the IRS enforce existing tax laws.
negativeBut as discouraging as it was to learn that many middle-class American families paid more in federal income taxes than companies such as FedEx and Nike, the revelations didn't point to any legal wrongdoing. Corporate giants simply took advantage of the existing system.
To put the figure in context, President Joe Biden's Build Back Better proposal, currently pending on Capitol Hill, calls for roughly $350 billion in new investments, per year, over the course of the next decade. According to the Treasury Department's findings, if the wealthiest of the wealthy paid their tax bills, it would cover nearly half of the cost of the legislation.
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