TELL CONGRESS: Billionaires have gamed the tax system for decades, growing richer and more powerful without paying taxes on most of their income. But the newly introduced Billionaire Income Tax would finally make the ultra-rich pay their fair share, and close the loopholes they use to dodge taxes. Sign the petition: Tell Congress to end the billionaire tax scam and pass the Billionaires Income Tax!

America’s billionaires have scammed the tax system for decades, growing richer and more powerful without paying taxes on most of their income. Working people pay taxes on every paycheck, while billionaires avoid taxes on the growth of their stock portfolios, real estate, and private business holdings.

But Congress can end this regressive, two-tiered tax system.

The newly introduced Billionaires Income Tax would require billionaires and multi-millionaires to pay a minimum 23.8% tax rate on all of their income, including both regular earnings and unrealized capital gains. That means billionaires would finally pay taxes on the wealth they accumulate every year, just like workers pay on wages.1

Sign the petition: It’s time for the ultra-rich to pay their fair share! Pass the Billionaires Income Tax!

This legislation applies to only the top 0.01%, but it would raise an estimated $557 billion over the next decade. It also includes strong enforcement provisions and prevents billionaires from dodging taxes through shell companies and estate tricks.

Poll after poll shows strong bipartisan support for making the wealthy pay their fair share. But billionaires are fighting back with lobbyists, campaign donations, and media influence. To combat their power, we need a powerful grassroots movement standing up for tax justice.

Sign the petition: Tell Congress to end the billionaire tax scam.

Thanks for taking action,

Joey and the Demand Progress team

Sources:

  1. Congressman Don Beyer, "Congressmen Cohen and Beyer and Senator Wyden Introduce the Billionaire Income Tax Act,” September 17, 2025.

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