Tax fairness is key to the economic narrative in 2024. 🔑

• This Tax Day, millions of working families are paying their fair share in taxes. But billionaires and giant corporations will get away with paying  little or nothing.
  
  It's time for our tax code to reward work, not just wealth.
  
  

• You probably paid a higher tax rate this Tax Day than the wealthiest billionaires and the most profitable corporations.
  
  That's not right. It's time the wealthy and corporations paid their fair share in taxes.
  
  

• If you paid a penny in federal income taxes this year, you paid more taxes than:
  
  

Elon Musk in 2018 

Jeff Bezos in 2007 and 2011

Amazon in 2018

Nike in 2020

Boeing from 2018-2022

Eli Lilly in 2018

Starbucks in 2018

Tesla from 2018-2022

FedEx in 2020

T-Mobile from 2018-2022

• Trump and Republicans want to cut taxes for billionaires and corporations, and pay for the tax cuts by slashing programs that are important to working families. President Biden and Republicans want to make billionaires and corporations pay their fair share in taxes, and use the revenue to do big things for working families.

• Republicans want us to believe we "can't afford" Social Security, Medicare, housing, education, paid leave, or lower drug prices. But we can afford all that and more if we just make the billionaires and corporations paying little or no taxes pay their fair share. Tax the rich.
  
  

• Republicans recently put out a budget that raises the Social Security retirement age, raises drug prices, and slashes housing programs. They’re also proposing trillions in tax cuts for the wealthy and corporations. They want US to pay for their tax cuts for the rich.
  
  

• Republican tax cuts—which mostly benefit the rich—were the largest driver of the debt this century. And yet Donald Trump and Republicans are going after our earned benefits like Social Security and Medicare, which don't add a penny to the debt. Ridiculous.
  
  

• Trump is once again threatening Social Security and Medicare—all while demanding nearly $4 TRILLION more in tax cuts for mostly the rich and corporations. President Biden's budget protects and expands Social Security by making the wealthy pay their fair share. See the difference?
  
  

• Never trust anyone who would rather cut Social Security, Medicare, healthcare, education, housing, and more than raise taxes on the wealthy and corporations.
  
  

• Republican economics:

—Protect wealthy tax cheats with IRS cuts

—Force huge tax cuts for giant corporations

—Extend the Trump tax scam

Democrat economics:

—Tax billionaires

—Hold price-gouging corporations accountable

—Protect Social Security & Medicare

See the difference?

• The Republican plan to extend the Trump tax scam is projected to cost nearly $4 TRILLION. How do you think they plan to pay for it? The same way they always do—by demanding enormous cuts to Social Security, Medicare, Medicaid, education, housing, veterans' benefits, and more.
  
  

• Just in case you were wondering how the Trump-GOP tax cuts will be distributed in 2025: Households in the top 1% will get a $60,000 average tax cut. The bottom 60% will get less than $1 a day. This is why we call it a tax scam.
  
  

• The Trump-GOP tax scam enacted a $2 trillion tax cut that overwhelmingly benefitted the very wealthy and the biggest corporations and exploded the federal deficit. Trump's tax cuts were just another trickle-down tax scam.
  
  

• Don't let any Republicans get away with crying about the debt. Their tax cuts skewed to the wealthy and corporations under Bush and Trump have added $10 trillion to national debt. And they want to add another $4 trillion by extending the Trump tax scam.
  
  

• America's billionaires are now worth a record $5.8 TRILLION. That's a 99% increase in wealth since Trump and Republicans slashed taxes for the rich in 2017. Much of those wealth gains will never be taxed. We don't need another Trump tax scam—we need to tax the rich.

• The top 1% now account for 30% of the nation’s wealth. The top 10% account for 67%. It's been forty years since "trickle-down economics" began. It's not trickling down, it's trickling up. Tax the rich.
  
  

• The richest 1% in America just hit a record $44.6 trillion in collective wealth. You'd need to have $11 million in wealth to be in the richest 1%. When we say tax the rich, this is who we're talking about. They can afford to pay their fair share.
  
  

• America's billionaires are now worth a record $5.8 trillion. That's up 88% since the pandemic hit. And while working families are recovering from the pandemic, billionaires are paying lower tax rates than many of us. This is what we mean when we say our tax code is rigged.
  
  

• Billionaires have gotten $2.9 TRILLION richer since the Trump tax giveaway to the wealthy and corporations. They're paying lower tax rates than nurses and teachers. And guess what? It's not trickling down. President Biden is right—we need a Billionaire Minimum Income Tax.
  
  

• The top 400 billionaires pay an average federal income tax rate of just 8% when the growth in the value of their stock holdings is included in their income. That’s little more than half the 14.9% average income tax rate that all taxpayers pay.  Tax billionaires.

• If you paid a single penny in federal income taxes over the period of 2018-2022, you paid more in taxes than:

T-Mobile

Duke Energy

Ball

Office Depot

Kinder Morgan

DTE Energy

• In the first five years of Trump's massive tax giveaway to the wealthy, 23 huge profitable corporations paid ZERO federal income taxes. 55 corporations paid less than 5%. Say it with me: The Trump tax cuts were nothing more than a trickle-down scam.
  
  

• Corporate profit margins are at their highest since the 1950s. According to @Groundwork, corporate profits drove 53% of inflation in the second and third quarters of 2023. Donald Trump has pledged to give these greedy, price-gouging corporations more tax breaks. Unacceptable.
  
  

• Corporate profits reached a record $2.8 TRILLION at the end of 2023. Corporations can afford to pay their fair share in taxes.
  
  

• From 2018-2022, the biggest corporations in America saw their profits skyrocket by 63%—to a staggering $1.25 trillion. 90% of that profit—$1.1 trillion—went straight to wealthy shareholders through stock buybacks and dividends. No, corporate tax cuts don't "trickle down."
  
  

• Between 2018 and 2022, 35 major U.S. corporations—like Ford, Netflix and Tesla—paid their executives MORE than they paid in federal income taxes. Many even had a negative tax rate—meaning we gave THEM a refund. It's time we made greedy corporations pay their fair share in taxes.

• Thanks to the Democrats’ restored funding, the IRS has:

—Recovered $500 MILLION from wealthy tax cheats

—Answered 2 MILLION more taxpayer calls than previous years

—Notified Microsoft it that it owes $29 BILLION

—Launched a free, online tax filing program

Thanks, President Biden!

• Thanks to Republican budget cuts, millionaire audits dropped 92% between 2010-2020. With restored funding, the IRS has already collected over half a billion dollars from rich tax cheats. Just in case you wondered why Republicans are fighting so hard to strip funding from the IRS.
  
  

• EVERY YEAR millionaires and billionaires evade $150 billion in taxes. Ten years of free community college costs only $80 billion. Ten years of canceled medical debt costs $88 billion. When we make the ultra-rich pay what they owe, we can invest in ALL of us.
  
  

• For every $1 spent on IRS funding, we can get $7-$12 back. Republican attempts to cut IRS funding aren’t about fiscal responsibility, they’re about protecting rich tax cheats.