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, and housing. As of July 25, 2022, America’s roughly 700 billionaires had $4.4 trillion in wealth. They grew $1.5 trillion, or nearly 50%, richer since the pandemic began … Read moreKEY FACTS ABOUT TAXING BILLIONAIRES
Download PDF here A Billionaires Income Tax (BIT) has been proposed by Sen. Ron Wyden, chairman of the Senate Finance Committee, and is supported by President Biden. It would raise $557 billion over 10 years, according to the Joint Committee on Taxation, from the 700 or so wealthiest Americans. There are many options for how … Read moreFact Sheet: Senator Ron Wyden’s Billionaires Income Tax
Download PDF President Joe Biden and Sen. Ron Wyden (OR), chairman of the Senate tax writing committee, have proposed similar versions of a billionaires income tax with these benefits: Billionaires who now go tax-free will finally have to pay their fair share—or at least pay something. Despite their enormous wealth, America’s billionaires can now often … Read more7 Reasons for a Billionaires Income Tax
Download PDF OVERVIEW Federal tax returns of some of America’s wealthiest people reported on by ProPublica June 8, 2021, reveal that they pay no federal income taxes some years and often pay lower tax rates on their investment income, including asset-value growth, than workers pay on their wages. Overall: Some years billionaires pay no federal … Read moreProPublica Report Summary on Billionaire Tax Dodgers
Arizona State Report California State Report Colorado State Report Florida State Report Georgia State Report Illinois State Report Indiana State Report Iowa State Report Kansas State Report Maine State Report Maryland State Report Massachusetts State Report Michigan State Report Montana State Report Nebraska State Report Nevada State Report New Jersey State Report New York State … Read moreState Billionaires Reports — Tax Day 2022
