Skip to main content

To: President Donald Trump, The United States House of Representatives, and The United States Senate

Tax the Rich

David Koch makes more than $13 million EVERY DAY. People who make more than $10 million per year should submit 75% of ALL their income (from work, investments, or otherwise) to taxes. That would still leave David Koch with over $3 million DAILY.

Why is this important?

We see the tax burden shifting to the poor. "Full-time workers earning between $20,000 and $150,000 a year – still pay at up to double the rate of the ultra-wealthy, relative to what history suggests they should" (Von Worley, 2011). A significant tax cut in Ohio will shift $400 million away from public services and into wealthy pockets in 2015: "The top 1 percent will get a tax cut for the year averaging $1,846, while the poorest fifth of Ohioans will see just a $4 reduction" (Policy Matters Ohio, 2014; See also photobucket). Many of the wealthy make such an excess of money that they are determining laws and Supreme Court legal decisions "through the back door". Congress persons must take action to raise the tax rate on the wealthy so the the American people can decide how to distribute all that excess wealth and what fair laws should be written -- independently of financial influence.

References
Institute on Taxation and Economic Policy. (2013, August). Photobucket/Ohio Budget. Retrieved from http://s1350.photobucket.com/user/akadjian/media/Ohio%20Budget/osac-03_zps51683ebe.jpg.html

Policy Matters Ohio. (2014, May 27). Flawed tax cuts in Senate budget bill.
Retrieved from http://www.policymattersohio.org/senate-budget-may2014

Von Worley, S. (2011, March 15). Data pointed. Shifting burdens: U.S. Taxes by income level over the years. Retrieved from http://www.datapointed.net/2011/03/relative-us-income-taxes-1913-2011/

Category

Updates

2022-07-21 00:20:50 -0400

50 signatures reached