Sign Petition—Tell Congress to Close the Estate Tax and Gift Tax Loopholes

From Americans for Tax Fairness (https://americansfortaxfairness.org/):

America’s wealthiest family dynasties―like the Waltons and Kochs―are set to pass $21 trillion on to their heirs over the next two decades virtually tax free, according to a new report from Americans for Tax Fairness.

Due to enormous estate and gift tax loopholes we estimate that they could dodge trillions of dollars in taxes over the next 24 years, perhaps as much $8.4 TRILLION.

This is tax revenue that could be used to lower the costs of healthcare, childcare, education, housing, and more. In fact, Just half of the $8.4 trillion these dynastic families may avoid in taxes could pay for 24 years of the expanded Child Tax Credit, which is benefiting more than 60 million children and last year reduced childhood poverty by nearly 40%.

Join Americans for Tax Fairness Action Fund and our allies and sign the petition at https://actionnetwork.org/forms/tell-congress-stop-americas-wealthiest-family-dynasties-from-dodging-trillions-of-dollars-in-estate-and-gift-taxes-2 demanding Congress close Estate Tax and Gift Tax loopholes that allow America’s wealthiest families to pass on their dynastic wealth virtually tax free.

Since 2000, estate taxes paid have dropped from $24.4 billion to just $9.3 billion―and have declined by half since the 2017 Trump-GOP tax scam. We’re fighting alongside our champions in Congress such as Senators Bernie Sanders and Elizabeth Warren to close tax loopholes abused by the richest 1%.

Sign the petition today to demand dynastic families pay their fair share in taxes and aren’t able to pass their fortunes along tax free.