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Patriotically Incorrect since 1999

What Happened to America’s Wealth? The Rich Hid It

New research suggests that the superrich are hiding their money at alarming rates. A study by economists Annette Alstadsaeter, Niels Johannesen and Gabriel Zucman reports that households with wealth over $40 million evade 25 to 30 percent of personal income and wealth taxes.

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