From Americans for Tax Fairness (https://americansfortaxfairness.org/):
For decades, our tax system has been intentionally rigged to benefit the rich and corporations.
A recent investigative report by ProPublica found that the 25 wealthiest Americans paid a paltry tax rate of just 3.4% on how much their wealth increased between 2014 and 2018. And many of these billionaires paid $0 in federal income taxes in several of those years.[1]
Americans for Tax Fairness found that the wealth of the country’s billionaires rose by more than 50% during the pandemic.[2] At the same time, 55 of the US’s largest corporations paid $0 in federal income taxes last year―thanks in part to the Trump-GOP tax scam.[3]
It’s up to us to demand the wealthy and corporations pay at least $4 trillion more in taxes over the next decade. When they do, we’ll begin building an economy that rewards work over wealth―and puts working people first.
Write to our U.S. Senators today at https://actionnetwork.org/letters/take-action-demand-the-rich-and-corporations-pay-at-least-4-trillion-more-in-taxes
We have a once-in-a-generation chance to make bold investments in our future. But some moderate Democrats are trying to cut in half the tax increases on the rich and corporations proposed by President Biden.
Fixing our tax code is essential to creating an economy that works for all of us. Take action today.
[1] “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax,” ProPublica, June 8, 2021 [2] “Billionaire Pandemic Wealth Gains of 55%, or $1.6 Trillion, Come Amid Three Decades of Rapid Wealth Growth,” Americans for Tax Fairness, April 14, 2021 [3] “55 Corporations Paid $0 in Federal Taxes on 2020 Profits,” ITEP, April 2, 2021
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