Billionaire income tax proposals like those offered by President Biden and Sen. Wyden represent the next logical step for the tax code. President Joe Biden and Senate Finance Committee Chairman Ron Wyden have each proposed legislation to tax billionaires and other ultra-wealthy individuals on their main source of income: the growing value of their investments … Read moreCongress already taxes so-called unrealized gains—and has for decades
Disgraced President Gave Tax Cuts in Return that Helped Billionaire Fortunes Jump by $1 Trillion During Pandemic; Adelson Alone Supplied Half the Cash Twice-impeached President Donald Trump was enabled with a total of almost a quarter billion dollars in campaign contributions from 134 of America’s billionaires during his short, violent political career, more than half … Read moreBillionaires Backed Trump with Almost $240 Million in Campaign Donations
Download PDF here What is a billionaires income tax? A billionaires income tax more fairly taxes billionaires and other super-wealthy people by taxing a major source of their income that often goes completely untaxed now: the increase in the value of their assets, such as corporate stocks, bonds and real estate. Who has proposed a … Read moreFAQs About Versions of a Billionaires Income Tax
Download PDF here A billionaires income tax and a wealth tax on the ultrarich would both make billionaires pay closer to their fair share of taxes. They would also both raise a lot of revenue to lower the cost to families of necessities like healthcare, childcare, and housing. But the two types of tax are … Read moreBillionaires Income Tax vs. Wealth Tax: What’s the difference?
Download PDF $2 Trillion, or 70%, Pandemic Wealth Gain of Nation’s 740 Richest May Well Go Untaxed, Making Case for President Biden’s Proposed Billionaires Income Tax A Similar Tax Proposed by Senate’s Chief Tax Writer Would Reap Up to $555 Billion to Lower Working-Family Costs for Healthcare, Childcare & Other Vital Services On Tax Day, … Read moreReport: This Tax Day, America’s Working Families Are Paying Their Fair Share But America’s Billionaires Are Not
A PDF of this resolution is here WHEREAS, wealthy Americans, especially billionaires, keep getting richer and richer while many working families are barely able to keep their heads above water and struggle to afford healthcare, childcare, eldercare, education, housing and so much more; WHEREAS, these inequities are partly caused by our unfair tax system, which … Read moreResolution in support of a Billionaires Income Tax
President Biden’s Proposal: Original White House Fact Sheet Treasury Department’s Explanation (p. 82) Rep. Steve Cohen and Rep. Don Beyers’ Bill (H.R. 8558): Fact Sheet Section-by-Section Bill Text Polling Summary HR 8558 Bill Text and Cosponsors 7 Reasons for a Billionaires Income Tax 6 Ways to Spend Billionaires Income Tax Revenue Polling Compilation: Billionaires Income … Read moreThe Billionaire Minimum Income Tax