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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 what's 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 don't think we contributed to that. we do have data on thousands of the wealthiest americans covering more than 15 years, we don't just have tax return data but tax information data. lots of the schedules that filter into the tax return on t...
How is that? >> this is detailed tax return data on thousands of very wealthy americans. while i've shown here is how you can be tax free and in a few cases gotten tax returns showing that, they've 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 make $200,000 a year combined income. how does the system work? >> i pay a higher tax rate than three...
We don't 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 it's a vast trove. >> you can't talk sources of methods, obviously, and we're not going to linger on this. but there's some part of me that's a little hinky about people's private tax data and ending up, you know, in the newspaper. >> well, we're being very careful stewards of this information, and we're not wikilea...