Tax Return Data News Today

Income tax returns: Rajasthan, West Bengal, Karnataka, Delhi and Andhra also made it among top ten states to have filed most number of ITRs.

Household survey data and tax data both suffer from measurement concerns at the top of the income distribution. This column analyses data from the US to investigate when and why the two data sources diverge. The authors conclude that the source of the divergence lies in the measurement of non-labour income as tax rules change over time.

$160 in taxes. base owes paid only $1.09. they reached out to jeff bezos but he declined fair comment. >> yeah we have to start with whats this set of data is. what are we talking about here. actual tax data of actual americans? >> yeah. it is an unprecedented trove, we did wonder if bezos was going to go on exile while we were working on this story but i dont think we contributed to that. we do have data on thousands of the wealthiest americans covering more than 15 years, we dont just have tax...

How is that? >> this is detailed tax return data on thousands of very wealthy americans. while ive shown here is how you can be tax free and in a few cases gotten tax returns showing that, theyve shown that these are not anomalies, this is the system. working people pay heavy taxes, people at the very top pay little to no taxes because congress made it that way. >> so explain how it actually works, then. a billionaire pays less taxes than somebody who makes $500 a week, or a family who might mak...

We dont just have tax return data but tax information data, so lots of schedules that filter in to the tax return on things like stock trades and partnerships and counter-parties, gambling winnings and we have a lot of data on audits. and it covers more than 15 years, as i say. so its a vast trove. >> you cant talk sources of methods, obviously, and were not going to linger on this. but theres some part of me thats a little hinky about peoples private tax data and ending up, you know, in the new...

Breaking news in the russian investigation. the irs and special counsel robert mueller are working together on the russia probe. sources tell 199 the irs is sharing information that could include tax return data from key campaign officials. questions about the scope of the investigation, the question now is whether this move could potentially open the door for the toirs share the presidents tax returns with mueller. pamela brown joins us now. what are you learning? they cant say reporting? >> we...

Shouldnt we see in all its particulars over the last five years, say, since he has been running for president, more or less, just what it looks like on the granular level. i think part of what this is, when you make the argument from the place of genuine good faith and justice for a flat tax, the people at the top were able to gain it. lets stipulate thats where youre able to make it from. shouldnt we see what that looks like up close? >> well, i think mitt romney may very well have to do that. ...

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