Reports

Nation’s Richest Donors Have Pumped a Record $900 Million Into Midterms; 60% of Contributions Favor Republicans  Less than a week before Election Day of this year’s crucial midterm elections, a new report finds that America’s billionaires had as of Sept. 30 pumped $881 million into federal elections, distorting our democracy by drowning out the voices of […]

 

   

IRS Data from ProPublica Reveals Some of America’s Richest Paid Next to Nothing On Their ‘True Income’ in 2013-18 Twenty-six of the richest people in America paid an average federal income tax rate of just 4.8% over six years (2013-18) when the growth in their wealth is counted as income, according to Americans for Tax Fairness […]

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$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, April 18, […]

That Huge Leap in Wealth May Never Be Taxed Unless Congress Enacts a Billionaires Income Tax  Two years into the biggest national health crisis in recent history, U.S. billionaires’ wealth continues to soar above the misery: as of March 10, their collective wealth has shot up by $1.7 trillion, or 57%, since the pandemic emergency […]