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Billionaires
US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul
Billionaires now control 1 out of every 25 dollars of American wealth.
Dark Money-Funded No Labels Group Drops Long-Shot Third-Party White House Bid
The organization’s donors include wealthy Trump supporters like Nelson Peltz and Blackstone CEO Stephen Schwarzman.
IRS Pursues 125,000 Non-Filing Cases in Crackdown on Wealthy Tax Evaders
The IRS chief said there was a “tax gap” of over $150 billion each year that the wealthy owe but do not pay.
Sanders Unveils Bill to Tax Corporations Paying CEOs 50 Times More Than Workers
In 2022, the top 350 U.S. firms had an average CEO to worker pay ratio of 345 to 1.
Poll: 74 Percent of Millionaires in G20 Countries Support Higher Taxes on Wealth
Meanwhile, 260 millionaires and billionaires signed a letter imploring leaders to raise taxes on rich people like them.
IRS Funding Targeted by GOP Has Allowed Agency to Recover $500M From the Rich
Democrats said the IRS’s successes have made it clear that the GOP is trying to protect their wealthy benefactors.
In 41 States, Richest 1 Percent Pay Lowest Tax Rate of Any Group
In 34 states, the families with the lowest incomes pay the highest tax rate of any other group.
US’s Wealthiest Collectively Held $8.5 Trillion in Untaxed Assets in 2022
“This is why we need a billionaire income tax,” Americans for Tax Fairness said.
Democrats Seek to End Major Billionaire Tax Avoidance Scheme in New Senate Bill
The bill takes aim at a practice known as “buy, borrow, die,” in which billionaires borrow extensively off their assets.
Elon Musk Wants Me Fired. The People of San Francisco Want Him Taxed.
Seeing progressive policies succeed in San Francisco, the billionaire class is now waging a war against working people.