John,

If you paid federal income taxes in 2007 or 2011, you paid more than the richest man in the world―Jeff Bezos.

If you paid federal income taxes in 2018, you paid more than the world’s second richest man―Elon Musk.

According to a new blockbuster investigative report from ProPublica, while you and I continue to pay our fair share in taxes, America’s billionaires are paying little to nothing in federal income taxes.[1]

President Biden has proposed a tax and investment plan that would raise $3.6 trillion in revenues without raising taxes on anyone earning less than $400,000 a year.[2] But the president’s plan is under attack in the U.S. Senate where Republicans, and some Democrats, are trying to protect the obscene profits of the super-rich.

We’re leading the fight for President Biden’s tax plan and demanding that Congress go even further to ensure the wealthy start paying their fair share. Donate today to help us unrig our tax system and invest in our future >>

Billionaires aren’t simply not paying what they owe. They’re paying little or nothing in taxes, and it’s completely legal. That’s because our rigged tax code is filled with loopholes that let them pay less than the rest of us.

To ensure the wealthy start paying their fair share, President Biden is proposing we tax wealth like work, restore the top individual tax rate to 39.6%, raise the corporate tax rate to 28% (corporations are mostly owned by the wealthy), crack down on tax evasion by the wealthy, and stop avoidance of healthcare taxes by wealthy business owners.

Americans for Tax Fairness wants Congress to go even further by enacting a wealth tax of just 2% on households worth over $50 million or 3% on billionaires. We want Congress to enact a financial transaction tax of as little as 10 cents on every $100 in Wall Street trading. And, we want to restore the estate tax to 2009 levels, only affecting family fortunes above $3.5 million.

Fight back against a rigged tax system that lets millionaires and billionaires get away with paying little to nothing in taxes. Donate today to demand Congress act.

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Our tax code was built to let the super-rich pay less than the rest of us. It’s time to reform our tax system so it works for all of us, not just the rich and big corporations. And, thankfully, President Biden is on board.

Thank you for your ongoing support.

Frank Clemente
Executive Director
Americans for Tax Fairness

[1] “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax,” ProPublica, June 8, 2021

[2] “Fact Sheet: Biden’s Plan for Jobs, Investments & Fairer Taxes,” Americans for Tax Fairness, May 11, 2021