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TaxWatch: Too many ultra-rich people skip taxes, Treasury official says. Why? Because they can

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Some among the super elite are serious tax scofflaws, according to a high-ranking Treasury Department official.

The top 1% of taxpayers account for approximately $163 billion of the country’s estimated $600 billion annual gap between taxes owed and taxes paid, wrote Natasha Sarin, deputy assistant secretary for economic policy.

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