John,

The Billionaires Income Tax is expected to be introduced this week and we’ve already driven more than 16,000 letters to senators urging them to become original co-sponsors.

Due to the huge influence billionaires wield in Congress, senators and representatives are unlikely to act unless they see massive public support. That’s why we’re organizing our allies across the country, building the momentum needed to demand Congress act.

This Giving Tuesday, power the campaign demanding Congress pass the Billionaires Income Tax to ensure billionaires are paying income taxes each year on their wealth gains just like working people pay on their wages.

According to Americans for Tax Fairness research, 26 top billionaires paid an average income tax rate of just 4.8% over 6 recent years when their biggest source of income―the growth in their wealth―is included.[1] This is a fraction of the 37% top tax rate they should be paying and far less than what many working families pay.

This new tax would only apply to taxpayers whose net worth either exceeds $1 billion or whose income exceeds $100 million for three consecutive years.

At a time when the richest 1% owns roughly one-third of U.S. wealth while the bottom half of Americans own just 2.5%, we need a tax on billionaire wealth gains to ensure the very richest Americans are paying their fair share in taxes each and every year.

While billionaires have high-priced lobbyists working to rig our tax code, allowing them to hoard even more of their wealth, you have Americans for Tax Fairness, fighting for a tax code that works for everyday people and small businesses.

Donate today to power our campaign demanding billionaires pay income taxes each year on their wealth gains, just like working people do on their wages.

If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:

Together, we’re building a national grassroots movement that is changing conversations at dinner tables across the country and in the halls of Congress, demanding the rich and corporations pay their fair share in taxes so we can invest in working people and our future.

Thank you,

David Kass
Executive Director
Americans for Tax Fairness

[1] BASED ON THEIR WEALTH GROWTH, 26 TOP BILLIONAIRES PAID AN AVERAGE INCOME TAX RATE OF JUST 4.8% OVER 6 RECENT YEARS
[2] https://twitter.com/JStein_WaPo/status/1725228522040406193