Some of America's richest people are just not paying their taxes — and millionaires alone could owe up to $34 billion

Wed, 10/04/2023 - 13:46

Sen. Ron Wyden of Oregon, the chair of the Senate Committee on Finance, implored the IRS to initiate enforcement against wealthy non-filers.
Drew Angerer/Getty Images

New IRS data shows that some of America's highest earners are just not paying taxes.
Sen. Ron Wyden of Oregon requested data from the IRS on taxpayers who are not filing returns.
Nearly 1,000 taxpayers making over $1 million aren't paying up and could owe billions.

The average American taxpayer pays $16,615 in income taxes annually — but for some of the wealthiest Americans, that number is zero. That's because they're simply not paying up.