It’s a very real thing in countries worldwide that tax institutions would rather spend $10 000 000 to be virtually guaranteed to gain $1000 from 100 000 people, than spend $10 00 000 to try to gain $100 000 000 from a wealthy person that will just summon up a world-class tax code + legal team that will delay and frustrate the process as much as possible.
datatrashfire|2 years ago
I see a few claims:
On the margins if people believe they are less likely to be caught for tax evasion they are more likely to do it.
Clever people with a culture that encourages skirting or outright breaking the rules such as those involved in tech/VC might be such people.
The incentives to commit tax evasion are larger for such people.
Seems not that far fetched to me. Just curious what you think the irs.gov website has to say about any of that?
jorvi|2 years ago