Unpaid Taxes Cost The U.S. $1 Trillion A Year | The Last Word | MSNBC 1

Unpaid Taxes Cost The U.S. $1 Trillion A Year | The Last Word | MSNBC

 

Rep. Ro Khanna (D-CA) joins Lawrence O’Donnell to discuss his legislation called “The Stop Cheaters Act.” Rep. Khanna says the bill would raise $1.2 trillion in part by auditing people who aren’t paying taxes and “that would go a long way to paying for Biden’s infrastructure bill.” Aired on 04/27/2021
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About The Last Word with Lawrence O'Donnell:
Drawing upon his experience as a former chief of staff on the Senate Finance Committee and as an Emmy-winning executive producer and writer of "The West Wing," Lawrence O'Donnell examines the compelling and impactful political stories of the day. O'Donnell convenes diverse panels of guests, including a variety of politicians and cultural voices, to offer unique viewpoints and perspective. In his signature style, O'Donnell highlights the latest news developments and offers his take on the political stories driving the national conversation.

MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, Meet the Press Daily, The Beat with Ari Melber, Deadline: White House with Nicolle Wallace, Hardball, All In, Last Word, 11th Hour, and more.

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Unpaid Taxes Cost The U.S. $1 Trillion A Year | The Last Word | MSNBC

29 comments

  1. Friendly reminder that despite being a so-called “billionaire,” t’rump paid only $750 in taxes.

    But maga cult….keep paying that 22% federal tax rate!

    1. @reject anime, embrace imperialism No maybe you should move to russia where you would be more comfy & stop trying to destroy our Democracy!! Take care!

    1. he should be one of the first they go after. he changed the system so he could cheat and not pay taxes in the first place. Orange bish lost , so now hes not protected anymore 🙂

  2. If only Trump supporters would understand that they are paying the taxes he and his friends avoid. Then they send him more money to support his campaigns, which he pockets for other purposes using the fine print hidden on his web site.

  3. Raid the tax havens!!… Panama Antigua The British Virgin Islands The Bahamas Jersey Guernsey Aldernay Sark The Cayman Islands Bermuda United Arab Emirates Singapore Hong Kong…Raid them all raid them now!!

  4. I have a huge issue with inheritance tax. People spend their lives working and slaving paying taxes their entire life and manage to put some of their after tax money away for their retirement. If they pass with anything left, government should have no right to people’s post tax income. You took your pound of flesh throughout someone’s life.
    Close loopholes and tax breaks on the wealthiest WHILE they’re alive.

    1. Inheritance tax is quite easy to explain. If I have been collecting taxes and I believe I have rules that constrain wealth, it makes sense to check whether my math actually worked. That is the inheritance tax. Should we tax wealth annually? No, but we most assuredly better be checking our math at the end. Btw, why would I constrain wealth? I constrain wealth because the federal government has to pay to maintain a money supply that is useless to the country, which means the taxes that were being collected were from the wrong people, because I have harmed someone’s living standard.

  5. In the early 1960s the tax codes were much simpler, and the IRS was much more feared in their diligent pursuit of tax cheats. There were long lines at special Post Offices that could stamp that returns actually made it in on time. One of the simplest forms looked like a long post card, and you could usually avoid audits by using it.

    1. As in, Back when Merica was Great Again? I say, bring THAT IRS back and Quadruple the resources of the IRS. Then, go after the Riches like a rabid pit bull. Even the Republicans say as one of their talking points, “We don’t NEED to raise taxes, we just need to enforce the tax laws already on the books!”
      Well, Let’s go. We have their blessing!

  6. I’m a college grad and what year I made a mistake on my tax filing and I was audited for years in a row after that in two of those situations oh, the IRS made a mistake and requested $20,000 from me in time. I had to push back on them and show them where they made a mistake. And I’m not wealthy and I have student debt.

  7. We should Quadruple the resources of the IRS. Then, go after the Riches like a rabid pit bull. Even the Republicans said, as one of their talking points, “We don’t NEED to raise taxes, we just need to enforce the tax laws already on the books!”
    Well, Let’s go. We have their blessing!

  8. unfortunaly
    its about money & power
    its always been that way
    and republicans will insure that will not change

  9. it requires money to make money, this is the best secret I have ever discovered we don’t make money, we earn and MULTIPLY money

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