Trump's Big Criminal Bill eliminated most audits of the very rich from 7.2% to 0.7%.
So, what does the super rich tax evasion cost our country?
The amount that we lose to tax evasion is something like the entire budget of Medicaid. It’s something like six times what we spend on food stamps. It’s something like 15 times the amount of money that Elon Musk saved by destroying USAID and killing millions of people in Africa. And yet it has been allowed [actually encouraged] to flourish. (Paul Krugman 09/01/2026)