Hi,
New data on ultra-wealthy tax cheats shows just how much millionaires and
billionaires think they’re above the law. Senate Democrats just released a
report showing that nearly 1,000 tax filers who earn more than $1 million
per year haven’t filed federal tax returns at some point between 2017 and
2020.^1
AND the 2,000 people with the highest-income who didn’t file taxes owe
over $900 million.^2 Millionaires and billionaires must be held
accountable and forced to pay the taxes they owe. But it doesn’t stop
there. We must raise taxes on the ultra-wealthy and put that money towards
health care, education, Social Security, and the fight against climate
change.
[ [link removed] ]Sign the petition: Tell Congress to raise taxes on the super-rich and
hold tax cheats accountable! It’s time they pay their fair share.
ADD YOUR NAME
Billionaires in the United States saw their total wealth grow by $5
trillion during the pandemic.^3 Yet, they only paid about an 8% federal
income tax rate, which is way below the rate the average American pays.^4
According to recent reports, the 400 wealthiest individuals in America
have more wealth than the bottom 64% of the population combined.^5 This
level of inequality is unacceptable and unsustainable in a democracy. When
billionaires’ wealth is taxed, we can put critical funds towards the
social safety net, public education, health care, infrastructure, and
critical government services.
By ensuring that the ultra-wealthy pay what they truly owe, we can build a
livable society for working people.
[ [link removed] ]Sign the petition to Congress: Tax the rich. Make millionaires and
billionaires pay up!
Thanks for taking action,
Tihi and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. Washington Post, "New data on ultra-rich tax cheats wrecks the
‘working-class GOP’ ruse," [ [link removed] ]September 28, 2023.
2. Ibid.
3. CNN, “Billionaires added $5 trillion to their fortunes during the
pandemic,” [ [link removed] ]January 16, 2022.
4. CNBC, “America’s richest 400 families pay a lower tax rate than average
taxpayer,” [ [link removed] ]September 23, 2021.
5. Forbes, “The 3 Richest Americans Hold More Wealth Than Bottom 50% Of
The Country, Study Finds,” [ [link removed] ]November 9, 2017.
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