Tax the Patriarchy

Taxing billionaires’ income from wealth (from things like stock and investments) annually, the same way we tax income from work (like wages and salaries) could raise an estimated $503 Billon over 10 years  

Taxing corporations more fairly by raising the corporate tax rate to 28% could raise an estimated $1.35 Trillion over 10 years.

Taxing large estates when they are passed down to the next generation more fairly by enacting a progressive estate tax rate structure and closing loopholes could raise an estimated $430 Billion over 10 years.

Expanding funding for the IRS for tax enforcement against wealthy tax cheats could raise an estimated $341 Billion over 10 years.

Taxing the wealthiest households more fairly on their income by raising the top marginal income tax rate (on income above $609,350) from 37% to 39.6% would raise an estimated $246 Billion over 10 years.

Increasing the tax on stock buybacks from 1% to 4% would raise an estimated $167 Billion over 10 years.

For more information about the proposals and more ways to tax the patriarchy, go to: https://nwlc.org/resource/taxing-the-rich-will-make-the-tax-code-more-equitable-and-support-investments-in-women-and-families/ 

Additional information and revenue estimates at: https://home.treasury.gov/policy-issues/tax-policy/revenue-proposals