2. Americans in the top 1% underreport income by an average of 21%!

But audit rates for the top 1% "have fallen from about 8 percent in 2011 to 1.6 percent in 2019"

That's because the IRS only has 8500 auditors. (The last time it was under 10K was 1952)https://t.co/NxdEB4EGpD

— Judd Legum (@JuddLegum) April 28, 2021