Millionaires Tax of 2012

Oakland Rising is working with our partners to put a Millionaires Tax on the California ballot in 2012.  Because we don't have to keep cutting education and essential services if everyone just pays their fair share.

Millionaires like the Kardashians only pay 1% more in taxes than a middle-class Californian making $47,000 per year.  That's not ok, especially when budget cuts are decimating our communities.  Watch our video that clearly demonstrates the unfairness of the situation.  It's been covered everywhere from CNN to The Wall Street Journal to PerezHilton.com

Watch the video here, and share it to help spread the word about the Millionaires Tax of 2012.

Isn’t it time that millionaires like the Kardashians paid their fair share?  We think so.  

That’s why Oakland Rising is proud to announce that we are working with our partners around the state to put a Millionaire’s Tax on the California ballot in November 2012.  

We think it’s time to change the conversation about the state budget.  It’s just not true that we have to keep making deep cuts to education and basic social services.  In fact, by raising taxes on millionaires by just a small percentage, we can raise $6 Billion, effectively closing the gap.  

Join the growing movement to pass the Millionaires Tax of 2012 by:

1. Helping this video go viral by sharing it online

2. Volunteering with Oakland Rising in 2012 to build support amongst Oakland’s voters

3. Reading more  to educate yourself about this exciting opportunity

4. Contributing to Oakland Rising to make sure every Oaklander knows that millionaires aren’t paying their fair share

 

The Basics of the Millionaires Tax

What is it? A statewide ballot measure that asks Californians who make over $1 million per year to pay a little bit more to invest in California after years of devastating cuts.



Why do we need it? Since 2008, budget cuts have led to big increases in K-12 class sizes, nearly doubling community and state college tuition, and billions in cuts to essential services for children and seniors.



What does it do? It asks those making more than $1 million a year in personal income to pay their fair share in taxes so we can raise an estimated $6 billion to begin:

• re-hiring laid off teachers to reduce class sizes,

• rolling back college tuition increases,

• restoring cuts to essential services for children, seniors, and people who are disabled,

• re-hiring laid off emergency responders,

• and creating jobs by repairing roads and bridges.

Who's behind it? A coalition of educators, parents, and community groups working together to restore California's middle class.

 

Click here for the Millionaires Tax of 2012 FACT SHEET.

If you'd like to read the official ballot measure language click here.

Click here to see how the Millionaires Tax of 2012 compares with other proposed tax initiatives. 

 

 

 

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