Author: andrea

TOPLINES Rich tax cheats evade about $400 billion in taxes every year, stealing funding from vital public services like healthcare, education and infrastructure that benefit working families. The wealthiest 1% are responsible for some 70% of the nation’s estimated $570 billion “tax gap”—the difference between taxes owed and taxes paid.   Our rigged tax system […]

Today, Americans for Tax Fairness released a video of president-elect Joe Biden’s statements about tax fairness issues, and a statement from Frank Clemente, executive director of Americans for Tax Fairness, on the election of Joe Biden and Kamala Harris: “Vice President Biden ran a full-throated campaign in support of making the rich and corporations pay […]

National report: Since pandemic began, U.S. billionaires’ net worths jump $931 billion, or nearly one-third, as working families suffer Click here for a Master List of the state data. Arizona state report California state report Colorado state report Connecticut state report Florida state report Georgia state report Illinois state report Iowa state report Massachusetts state […]

Meanwhile State & Local Government Services Face Deep Cuts as Congress Prioritizes Confirmation of Anti-ACA Supreme Court Justice Over Passing an Overdue Coronavirus Financial Aid Package The collective wealth of America’s billionaires has jumped by $931 billion, or nearly one-third, since mid-March, roughly the beginning of the COVID-19 pandemic, even as the U.S. economy was […]

Among the reasons House Speaker Nancy Pelosi cited today for President Trump walking away from the coronavirus relief talks was his unwillingness to give back a lavish tax break for millionaires that Republicans insisted be included in the CARES Act, which was signed into law in March.  Pelosi said: “At the same time, the President […]

Income Tax Figures Updated to Account for Refundable Tax Credits and Non-Taxable Returns Nurses, teachers, firefighters, and other frontline workers all on average paid more in federal income taxes than billionaire Donald Trump in all but five years between 2000 and 2017. That analysis is based on a comparison of the recent bombshell New York […]

Yesterday, the New York Times released a major investigative story about President Trump’s taxes, showing that in 11 out of 18 years from 2000 to 2017 he paid no federal income taxes. He paid a paltry $750 in 2016, the year he first ran for president, and again in 2017, his first year in office, when he rammed through […]

While Millions Lost Jobs, Businesses, Health & Lives, Nation’s 643 Richest Saw Their Collective Fortune Leap Nearly 30%  Half a year into a paralyzing pandemic that has cost millions of Americans their livelihoods and lives, the nation’s 643 billionaires have racked up $845 billion in collective wealth gains, a 29% leap since March 18. America’s billionaires […]

Gilbert Has Contributed Millions to Political Candidates, Organizations, and PACs Dan Gilbert, a Michigan billionaire and founder of Quicken Loans, is now worth $47.6 billion, according to Forbes’s real-time billionaire net-worth estimates on Sept. 14, 2020. Gilbert’s wealth has exploded during the pandemic—rising by 632%, or $41 billion, since March 18, 2020, according to a […]