100 signatures reached
To: Congress
Make the wealthiest 100,000 households in America, or the top 0.05%, pay their fair share in taxes
The Ultra-Millionaire Tax Act would level the playing field and narrow the racial wealth gap by asking the wealthiest 100,000 households in America, or the top 0.05%, to pay their fair share. This would bring in at least $3 trillion in revenue over 10 years – without raising taxes on the 99.95% of American households that have net worth below $50 million.
The bill would create a fairer economy through:
● 2% annual tax on net worth of households and trusts between $50 million and $1 billion
● 1% annual surtax (3% tax overall) on net worth of households and trusts above $1 billion
The bill would create a fairer economy through:
● 2% annual tax on net worth of households and trusts between $50 million and $1 billion
● 1% annual surtax (3% tax overall) on net worth of households and trusts above $1 billion
Why is this important?
While millions of families are struggling, billionaires have watched their fortunes skyrocket. For
too long, the ultra-rich, corporations, and their lobbyists have used their influence to rig the
system in their favor – corroding our democracy and hollowing out the middle class. The
consequence is an extreme concentration of wealth not seen in any other major economy.
too long, the ultra-rich, corporations, and their lobbyists have used their influence to rig the
system in their favor – corroding our democracy and hollowing out the middle class. The
consequence is an extreme concentration of wealth not seen in any other major economy.