A new analysis by IRS researchers shows that as much as 21% of the wealth held by the top 1% of households in the United States doesn’t ever get reported to the IRS, leaving billions of dollars that should be paid in taxes hidden from the federal government. This isn’t smart maneuvering, this is active tax evasion, and these households needs to be audited without hesitation. But Ring of Fire’s Farron Cousins explains why this situation was allowed to grow out of control to the point where the wealthy feel safe with their tax avoidance.

Farron Cousins is the executive editor of The Trial Lawyer magazine and a contributing writer at DeSmogBlog.com. He is the co-host / guest host for Ring of Fire Radio. His writings have appeared on Alternet, Truthout, and The Huffington Post. Farron received his bachelor's degree in Political Science from the University of West Florida in 2005 and became a member of American MENSA in 2009. Follow him on Twitter @farronbalanced