Friday, May 27, 2016

Tell the IRS: Hold billionaires accountable

Dear MoveOn member,

I'm Alexis Goldstein of the organization Americans for Financial Reform, and I started a petition to Treasury Secretary Jack Lew, IRS Commissioner John Koskinen, and IRS Chief Counsel William J. Wilkins, which says:

We urge the IRS to gather information so that the public can understand the TRUE amount of tax money we lose each year due to millionaire and billionaire private equity fund managers using the unfair carried interest tax loophole.

The carried interest tax loophole allows wealthy private equity managers to pay taxes at a lower rate than teachers, firefighters, and nurses. What's even worse is that we don't even know how much tax money we lose each year to millionaire and billionaire fund managers taking advantage of this loophole. But the Internal Revenue Service (IRS) has the power to fix this, and to "show us the (lost) money."

We urge the IRS to require alternative asset managers—like private equity funds—to disclose in their annual tax filings the amount of carried interest they received.

Click here to add your name to this petition, and then pass it along to your friends.


—Alexis Goldstein

P.S. Want to learn more? See Americans for Financial Reform's letter to the IRS:

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