John,
Jeff Bezos: $114 Billion
Bill Gates: $106 Billion
Warren Buffett: $80 Billion
Mark Zuckerberg: $70 Billion
These are the richest people in America, according to the newly published Forbes 400.[1] But since most of their income comes from investments, not salaries or wages, they pay relatively little federal income taxes each year.
Thanks to you, that could be about to change. Together, we’ve changed the national conversation around how we invest in critical services for working families ― demanding the rich and corporations pay their fair share.
Now, our elected officials are responding.
Senator Ron Wyden (D-OR) has introduced a plan that closes a couple of major tax loopholes so that the wealthy pay the same much higher tax rate on their Wall Street investments as they pay on their wages and salaries, AND that they pay taxes each year as they profit from their wealth just like workers pay taxes on their wages and salaries each year.
This plan would raise about $2 TRILLION over ten years from the very wealthiest Americans.
Let’s turn Senator Wyden’s plan into law and require the wealthy to pay taxes as they profit each year just like workers pay taxes on their wages and salaries. Donate to Americans for Tax Fairness Action Fund today to demand the wealthy pay their fair share in taxes now!
Every year, you and I pay income taxes on our hard-earned wages and salaries without delay. But the wealthy take advantage of a massive tax loophole allowing them to delay or avoid paying taxes on income from Wall Street stock portfolios and other pricey assets.
The wealthy need to start paying taxes as they profit every year. And they should also be required to pay at the same much higher tax rate that workers pay on their wages. The tax rate the wealthy pay on their investments is just 20%, whereas the top tax rate on wages and salaries is 37%. It’s time to end this crazy rigged arrangement that favors wealth over work!
Pitch in to Americans for Tax Fairness Action Fund today to help us build support to turn Senator Wyden’s plan into law and demand the wealthy pay their fair share!
Thank you for being part of our movement that’s demanding an economy and a tax system that works for everyone, not just the wealthy few.
Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund
[1] “The Forbes 400: The Definitive Ranking Of The Wealthiest Americans,” Forbes, Oct. 2, 2019
