As Big Companies Keep Paying Relatively Less In Taxes to Support Our Nation, 100 Largest American Firms Reported Over $1 Trillion Profits Last Year While Shedding 55,000 Jobs As American families are firing up their grills and filling their coolers for Independence Day celebrations this Thursday, American corporations are displaying little patriotism for the nation that […]
June 12, 2024
ATF Coalition Letter Opposing House FSGG IRS Cuts
Dear Chair Cole, Ranking Member DeLauro, Chair Joyce, Ranking Member Hoyer, and Members of the House Committee on Appropriations: On behalf of the undersigned organizations, we write to share our deep concerns with and strong opposition to the House FY2025 Financial Services and General Government (FSGG) proposal that would reduce revenues, exacerbate the nearly $700 […]
Congress Should Make The Wealthiest Pay Their Fair Share In 2017 Republicans passed a massive $2 trillion tax cut heavily slanted towards large corporations and the very rich. Many provisions of that law are scheduled to expire at the end of 2025, but Trump is promising his big-dollar donors that he will extend their tax […]
Read the full report here. Introduction Just 50 billionaire families have already injected more than $600 million collectively into the crucial 2024 elections, with that number sure to show accelerating growth in the final six months of the campaign. These billionaire clans donated the $600 million mostly to political parties, political action committees (PACs) and […]
Their Wealth Has Doubled Since 2017 Trump-GOP Tax Cuts, Which Mostly Went to Rich, Cost Trillions & Republicans Wants to Extend This Tax Day, families across the country are once again paying their fair share, while billionaires, whose wealth is skyrocketing, are not. The collective fortune of America’s 806 billionaires hit a record $5.8 trillion, according […]
Sarah Anderson | Zachary Tashman | William Rice Institute for Policy Studies | Americans for Tax Fairness Read the full report here. Introduction Corporate tax dodging and executive pay packages have both gotten so far out of control that a significant number of major U.S. corporations are paying their top executives more than they’re paying […]
Richest 13 Arizonans’ Wealth Now Tops $42 Billion; Debt Caused by Trump Tax Cuts Used By GOP As Excuse to Cut Services Even as politicians in Washington claim we can’t afford Social Security for Arizona’s working families, the collective fortune of Arizona’s 13 billionaires topped $42 billion as of February 1. That’s a near record high […]
January 3, 2024
The Ultra-Wealthy’s $8.5 Trillion of Untaxed Income
Authors: Zachary Tashman, senior research & policy associate; and William Rice, senior writer Principal researcher: Zachary Tashman EXECUTIVE SUMMARY According to an analysis by American for Tax Fairness of new Federal Reserve data on household income and wealth, America’s billionaires and centi-millionaires (those with at least $100 million of wealth) collectively held at least $8.5 […]
November 29, 2023
Billionaire Income Tax Sign-On Letter to Congress
Dear Senator: The undersigned organizations urge you to support the Billionaires Income Tax proposed by Senate Finance Committee Chairman Ron Wyden. It is a popular, progressive and robust funding source for making vital public investments in working families and communities that will also end the scandal of billionaires paying little or no federal income tax. […]
The Supreme Court is at risk of invalidating a dozen or so rules enacted over many decades to more fairly tax multinational corporations, financial engineers on Wall Street, and other ultra-wealthy taxpayers. The wrong decision would allow them to resume shielding large parts of their hefty incomes from effective taxation. If the Court upholds the […]