A new message from your friends at People For the American Way.

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People For Member,

Chances are good that you pay a higher income tax rate than billionaires
Warren Buffett, Jeff Bezos, Michael Bloomberg, and Elon Musk.

That’s according to an explosive new report from ProPublica that details
how these and other billionaires exploit the tax code to minimize their
obligations in a way that cheats the nation that helped them grow their
vast wealth. In fact, the investigation found that the nation's 25 richest
Americans "saw their worth rise a collective $401 billion from 2014 to
2018," but "paid a total of $13.6 billion in federal income taxes in those
five years," a total that "amounts to a true tax rate of only 3.4%." ^ [ [link removed] ]

[1]Join us in demanding that the ultra-wealthy begin to pay their fair
share in taxes – sign the petition now! >>

This true tax rate of 3.4% is much lower than the everyday working
American pays in their share of taxes – and for what? So billionaires can
buy a second yacht or jet? Or worse, so they can charter their own private
rocket to space?!?

Think of what services and resources would be available if everyone –
including the ultra-wealthy – paid their fair share in taxes?

The top 1% should no longer be allowed to hoard wealth while the rest of
America is struggling to get by. But the only way bold change like this
will happen is if grassroots activists like you speak out.

[ [link removed] ]So please, sign on now and call for the super-rich to pay a higher
percentage of their income in taxes so we can all prosper and have a
better quality of life! >>

Reports such as the one just released by ProPublica underscore the dire
need for a major tax overhaul to ensure a fairer tax system. Unless we act
soon, we can expect the already vast wealth divide to continue to grow.

Thanks for all that you do,

Zach, People For the American Way

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[ [link removed] ]donate:

 

 

[1] [ [link removed] ]"The Secret IRS Files: Trove of Never-Before-Seen Records Reveal
How the Wealthiest Avoid Income Tax" ProPublica, 6/8/21

 

 

 


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