DEMAND PROGRESS: Sign the petition: 1000 super-rich people didn't even bother to file taxes

 

New data on ultra-wealthy tax cheats shows just how much millionaires and billionaires think they’re above the law. Senate Democrats just released a report showing that nearly 1,000 tax filers who earn more than $1 million per year haven’t filed federal tax returns at some point between 2017 and 2020.¹

AND the 2,000 people with the highest-income who didn’t file taxes owe over $900 million.² Millionaires and billionaires must be held accountable and forced to pay the taxes they owe. But it doesn’t stop there. We must raise taxes on the ultra-wealthy and put that money towards health care, education, Social Security, and the fight against climate change.

Sign the petition: Tell Congress to raise taxes on the super-rich and hold tax cheats accountable! It’s time they pay their fair share.

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Billionaires in the United States saw their total wealth grow by $5 trillion during the pandemic.³ Yet, they only paid about an 8% federal income tax rate, which is way below the rate the average American pays.⁴

According to recent reports, the 400 wealthiest individuals in America have more wealth than the bottom 64% of the population combined.⁵ This level of inequality is unacceptable and unsustainable in a democracy. When billionaires’ wealth is taxed, we can put critical funds towards the social safety net, public education, health care, infrastructure, and critical government services.

By ensuring that the ultra-wealthy pay what they truly owe, we can build a livable society for working people.

Sign the petition to Congress: Tax the rich. Make millionaires and billionaires pay up!

Thanks for taking action,

Tihi and the team at Demand Progress

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Sources:
1. Washington Post, "New data on ultra-rich tax cheats wrecks the ‘working-class GOP’ ruse," September 28, 2023.
2. Ibid.
3. CNN, “Billionaires added $5 trillion to their fortunes during the pandemic,” January 16, 2022.
4. CNBC, “America’s richest 400 families pay a lower tax rate than average taxpayer,” September 23, 2021.
5. Forbes, “The 3 Richest Americans Hold More Wealth Than Bottom 50% Of The Country, Study Finds,” November 9, 2017.