To President Biden, and members of the Senate and House:

The American people know the economy is rigged in favor of the rich and they are fed up with it. Our current tax code guarantees tax breaks and loopholes for the ultra-wealthy while the working class picks up the tax bill for running the country. 

This broken system should not continue another day. We are sick of living in a country where poor and middle class American families contribute more than those who are obscenely wealthy. We demand that you remove all special loopholes that allow billionaires to pay a lower tax rate than the majority of hardworking taxpayers, and restore a basic sense of fairness to our tax code.

No more excuses. No more delays. We need change now. Tax the rich.

SIGN THE PETITION

Sign the Petition

DID YOU KNOW?

  • If you make $100,000 working and a billionaire makes $100,000 selling stock, you will pay $9,000 more in taxes than the billionaire because of the tax code.
  • If you own your home and a billionaire owns 2 yachts, 3 planes, 4 Picassos, 8 racehorses, and $900 million of stock, you will pay more in “wealth” taxes than the billionaire because of the tax code.
  • If you paid more than a single penny in federal taxes last year, you paid more to run the country than FedEx, Nike, HP, and 52 other multinational corporations did in 2020 because of the tax code.

POLITICIANS LIE ABOUT TAXES,
BUT IT’S ACTUALLY PRETTY SIMPLE.

  • In 2017, Republicans rewrote the entire federal tax code.
  • In 2018, billionaires paid a lower effective tax rate than every other group of people in the country for the first time in American history.
  • In 2020, President Biden promised to fix the tax code and won the election.
  • In August of 2022, Democrats passed legislation that will help find and prosecute the richest criminal tax cheats, and force billion-dollar corporations to pay more of what they owe the country.
  • In November of 2022, Americans will decide which future they want for the tax code.

DURING THE PANDEMIC

American billionaires made $2.1 trillion. Today, billionaires control wealth of $5 trillion, a 70% increase from 2 years ago.

The 25 richest people in the country pay an average tax rate of 3.4%. The average American pays an average tax rate of 22.4%.

Warren Buffet avoided more taxes than the other 24 richest people in the country, paying 10 cents on every $100 dollars he made. Warren Buffet says publicly he should pay higher taxes. He has done essentially nothing to make that happen.

JOIN THE CONVERSATION

patrioticmills Patriotic Millionaires @patrioticmills ·
16h

Nikki Haley spent her time as governor of South Carolina fighting to cut taxes for the state’s millionaires and pay for it by raising gas taxes on ordinary people.

She apparently thinks that record qualifies her to be President of the United States.
https://www.npr.org/2023/02/01/1153082534/nikki-haley-president-2024

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patrioticmills Patriotic Millionaires @patrioticmills ·
17h

In his State of the Union tomorrow, President Biden needs to contrast his economic agenda with Republicans’.

HE wants to tax billionaires.

Republicans want to cut billionaire taxes and make ordinary Americans pay a 30% sales tax. #SOTU

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patrioticmills Patriotic Millionaires @patrioticmills ·
19h

New York is one of the most prosperous states in the country not in spite of its taxes, but BECAUSE of them.

If Kathy Hochul thinks cutting corporate taxes is a good idea, maybe she’d be better off as the Governor of Kansas?
https://www.nytimes.com/2023/02/01/nyregion/hochul-budget-taxes-bail.html

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patrioticmills Patriotic Millionaires @patrioticmills ·
20h

If Black Americans held a share of national wealth in proportion to their share of the population, they would hold $12.68 trillion. Instead, they hold only $2.54 trillion.

We want to know who took the other 10.14 trillion. Billionaires? Anyone? Anyone?

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patrioticmills Patriotic Millionaires @patrioticmills ·
22h

Federal policies of the mid-20th century kept Black Americans out of opportunities to build generational wealth.

When we talk about our tax code's preferential treatment of pre-existing wealth, we're not just talking about economic injustice, but white supremacy as well.

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JOIN THE PATRIOTIC MILLIONAIRES’ FIGHT

Patriotic Millionaires want to live in a country with a basic sense of fairness, where millionaires don’t get special treatment just because they’re rich. The “Other” Millionaires want special treatment, they think they deserve special treatment. They insist the economy will collapse if they pay a penny more in taxes. Nonsense. Nothing is going to collapse if millionaires pay their fair share (except for possibly an over-inflated ego or two). Join the fight.