Author: andrea

Open Letter Argues the Levy on Billionaire Wealth Growth Would Ensure Nation’s Richest Are Included in Tax Reform Nearly 220 economists, law professors and other scholars on the economy today sent a letter to Congress making the case for including the “Billionaires Income Tax” (BIT) in the final Build Back Better (BBB) legislation now before the […]

25% Jump in Collective Wealth of Nation’s Billionaires—All Tax Free—Could Pay for Half of 10-Year Build Back Better Plan America’s nearly 750 billionaires collectively got $1 trillion richer in 2021, a tax-free 25% gain, according to calculations by Americans for Tax Fairness (ATF) based on Forbes data. Their wealth rose from $4.1 trillion to $5.1 […]

Tesla Founder Still Worth $239 Billion After Paying Up; Most Years for Most Billionaires, Taxation is Basically Voluntary, Showing Need for Billionaires Income Tax The self-congratulatory announcement by Elon Musk that he is paying $11 billion in income taxes this year is a big deal, but not for the reasons he and his Twitter fans […]

ATF Analysis Shows that the Legislation Will Not Increase Inflation and the 10-Year Cost Can be Fully Paid for with Fairer Taxes on Rich & Corporations Because the two principal reasons cited by Sen. Joe Manchin in a Fox News Sunday interview for his opposition to the Build Back Better Act (BBBA), are not based on […]

Earlier Error by Congressional Scorekeeper Has Been Corrected, Showing $1 Million+ Incomes Face Higher Tax Rates Under Democrats’ Plan; Meanwhile, Working Family Incomes Will Go Up Thanks to Bigger Tax Credits Contrary to Republican claims that millionaires will get a big tax break from the House-passed Build Back Better Act (BBBA) now before the Senate, the tax […]

The Corporate Profits Minimum Tax (CPMT) will ensure that big corporations making the most profits pay a reasonable amount of tax every year—without eliminating critical incentives for research, clean energy and affordable housing. In 2020, 55 big firms— including FedEx, Nike and Salesforce.com—paid zero federal income tax, despite over $40 billion in combined profits. Dozens […]



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 go years without paying any federal income tax or paying a tax rate that is much lower than many teachers, nurses and firefighters pay. The Billionaires Income Tax […]

Now worth $318 billion, Musk’s wealth climbed $109 billion in just three weeks, but little if any will be taxed even if Build Back Better Act becomes law 58% in Musk’s Twitter poll say he should sell 10% of Tesla stock to pay taxes on his unrealized gains Offering the best argument imaginable for the […]

Dear Member of Congress: Americans for Tax Fairness, a coalition of more than 400 national, state and local organizations united in support of a fair tax system that works for all Americans, strongly urges you to vote YES on President Biden’s Build Back Better Act (H.R. 5376) when it comes to the House floor.  The […]