John,

Teachers, plumbers, firefighters, and other working Americans pay an average federal income tax rate of 13%.[1] But, according to new Americans for Tax Fairness research, 26 of the richest people in America paid an average federal income tax rate of just 4.8% between 2013 and 2018, when the growth of their wealth is counted as income.[2]

The solution is a Billionaires Income Tax, which would tax wealth like work and ensure billionaires are paying taxes each year, just like you and I.

Help bring our latest infographic, below, to millions of people. If you’re as outraged as I am that these billionaires get away, year after year, virtually tax free, donate today to fight for a Billionaires income Tax!

Together, we’re fighting to close tax loopholes that favor wealth over work.

Thank you,

Andrea Haverdink
Digital Director
Americans for Tax Fairness

[1] “Summary of the Latest Federal Income Tax Data, 2022 Update,” Tax Foundation, Jan. 20, 2022
[2] "Based on Their Wealth Growth, 26 Top Billionaires Paid an Average Income Tax Rate of Just 4.8% Over 6 Recent Years," Americans for Tax Fairness, May 19, 2022

-- Frank's email --

John,

Take a look at this headline:

This article from Business Insider is based on new Americans for Tax Fairness research, which shows that 26 of the richest people in America paid an average federal income tax rate of just 4.8% between 2013 and 2018, when the growth of their wealth is counted as income.[1]

In fact, just $132.2 billion of their $500 billion in collective wealth growth during those years is considered taxable income under our current rigged tax laws and based on their IRS tax returns. The solution is a Billionaires Income Tax, which would tax wealth like work, and finally make billionaires pay taxes every year as workers’ wages are taxed.

Our latest infographic, below, shows what 5 of those billionaires paid in federal income taxes in recent years. How does this compare to what you pay?

Help bring our latest infographic to millions of people and fight for a Billionaires Income Tax to finally tax billionaire wealth like income from work.

As long as we fail to tax their main source of income―the growth in their fortunes―many billionaires will continue to live largely tax-free lives.

Donate today to demand Congress pass a Billionaires Income Tax to tax wealth like work and finally make billionaires pay their fair share.

If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:

Frank Clemente
Executive Director
Americans for Tax Fairness