It's the week before tax day, and there's been a storm of activity at UFE.
We launched a shiny new website—which you may have already gathered—with interactive features like user comments and social media buttons for ease of sharing. When you're done here, be sure to click around, let us know your thoughts and keep your online networks posted on what articles you liked (or didn't) on our new site.
And, we jump-started our 2011 Responsible Wealth Tax Fairness Pledge. This year's slogan: 'TAX WEALTH LIKE WORK!'
Why? Because money made from money should be taxed at the same rates as hard-earned wages. Taxing capital gains and dividends like work income would largely impact the wealthiest households, raising $84 billion to help keep schools, health care and other community services going.
During his April 13 budget speech, President Obama showed off his political clairvoyance:
[W]ithout even looking at a poll, my finely honed political instincts tell me that almost nobody believes they should be paying higher taxes.
My first thought was that the President was having a psychic off day. Then it occurred to me that "almost nobody" could just be a passive way of calling out the very few, but very rich, corporatist elites—like the Koch Brothers—who throw their political weight around in the name of making more money. A 2010 Quinnipiac poll showed that of those earning more than $250,000 annually, 64 percent supported higher taxes on themselves, and 67 percent supported higher taxes on those with $1 million-plus incomes.
Do you think - raising income taxes on households making more than $250,000 should or should not be a main part of any government approach to the deficit?
Do you think - raising income taxes on households making more than 1 million dollars should or should not be a main part of any government approach to the deficit?
It's truly frightening to imagine the kind of power we're up against; when the overwhelming majority of voters—including many wealthy ones (like Responsible Wealth members)—agree that we should raise taxes on the wealthy for the greater good, but we still have to fight tooth and nail to make it happen.
And fight we will, because our families and communities are at stake. We hope you'll join us in the fight for tax fairness by taking the Tax Fairness Pledge today.
While you're there, check out testimonials from other taxpayers at different income levels. We're still collecting testimonials, so if you're interested in being a part of this project, send an email to UFE's Communications Team at [email protected], and they'll send you a brief guide.