Jack, right now, our tax code enables the wealthiest Americans to pay a small fraction of the billions they amass each year in wealth. This only works to increase wealth inequality in America.
Sign the petition: Congress must ensure the rich and corporations pay their fair share
SIGN THE PETITION
While the entire country struggled, billionaires increased their total wealth by more than $2 trillion – 70% – during the pandemic. America's billionaires and wealthy elites have rigged the system to benefit themselves and sidestep what they owe. They've avoided BILLIONS in taxes because they amass their wealth through capital gains, not salaries. Jeff Bezos even received a tax credit last year because he was able to use loopholes to deduct from his salary.
Congress must reform the system and pass the Billionaires Income Tax or a wealth tax on the ultra-rich. The bill would:
- Tax income the wealthy get from their investments at least at the same rate as workers' paychecks are taxed;
- Close tax loopholes;
- Raise tax rates on wealthy corporations;
- Impose at least a 15% minimum tax on corporate national and foreign profits;
- Impose a surcharge on stock buybacks and more.
Help create a tax system that works for all Americans, not just some. Sign the petition: It's time to make sure the top 1%wealthy and large corporations pay what their fair share.
SIGN THE PETITION
Thank you for fighting with us,
Mayra Souza, Daily Kos
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