Fair Share for Vermont

It’s time for the wealthiest to pay their fair share in taxes so we can build a Vermont that works for everyone who lives here.

[Public Assets @PublicAssets]

Great coverage of our latest jobs report in @vermontpublic. Love seeing reporting that gets to the data behind everyday conversations about wages and affordability across Vermont.
https://t.co/ZCg9SzOCPd

#jobs #vermontjobs

[Fair Share for Vermont @fairsharevt]

Average income of the bottom 99% was $59,000 in 2020. If those incomes had grown at the same rate as the top 1% between 1974 and 2020, average income would be $159,000.

We have the capacity to increase taxes on the wealthiest Vermonters.

#vtpoli

[Fair Share for Vermont @fairsharevt]

For decades, the wealthiest Vermonters’ incomes have grown exponentially faster than the average Vermont income.

If incomes for the bottom 99% of Vermont income earners had grown as quickly as incomes of the top 1% since 1974, their average income would be $100,000 higher.

[Fair Share for Vermont @fairsharevt]

Fair taxation just makes sense.

At a time of skyrocketing income and wealth inequality and significant unmet needs, it’s necessary to increase taxes on the wealthiest Vermont residents to raise state revenue.

#vtpoli

[Fair Share for Vermont @fairsharevt]

The combined annual income of the top 1% of Vermonters is twice as large as Vermont’s entire General Fund.

Meanwhile, the top 1% pays a smaller portion of their income in state taxes than many middle income families.

It’s time for the wealthy to pay their fair share in taxes.

[Fair Share for Vermont @fairsharevt]

The people of Vermont believe in fiscal responsibility. That doesn’t mean chronically underfunding public goods and services. It means making sure we have enough state revenue for our government to work.

We can’t afford a Vermont that only the wealthy can afford.

#vtpoli

[Public Assets @PublicAssets]

Thanks to @VBSR for hosting Planning for Progress: Exploring Revenue Strategies for Vermont’s State Budget (and to @WAMCradio for the story). The state faces some real challenges but we have the capacity to increase investment to tackle them.
https://t.co/1FaW98POc5

[Public Assets @PublicAssets]

It’s the people behind the data that drive our work. And the data are clear —Vermont has the capacity to increase public investment in housing for people who are unhoused. https://t.co/MwTUm76wQm

#Vermont #Housing

[Fair Share for Vermont @fairsharevt]

“The path to making government work is that government has enough money.”

Thanks to Chair Emilie Kornheiser for her leadership and tireless work to raise revenue for a state that works for all Vermonters.

Read the full article:

https://t.co/jFAmNzA8Uc

[Fair Share for Vermont @fairsharevt]

Increasing taxes on the wealthiest Vermont residents has wide support, including from the wealthy.

Read about why from Chuck Collins in the Brattleboro Reformer:

https://t.co/Vr4YRVg3Ks

[Public Assets @PublicAssets]

Growing challenges--like climate disasters and the second-highest rate of homelessness in the country--demand new resources and by raising money fairly and investing it wisely, the state can address Vermonters’ needs. #SWVT

[Fair Share for Vermont @fairsharevt]

Thank you, representatives, for supporting H.829 and fair taxation. This is how we build a Vermont that works for everyone who lives here. #vtpoli

[Fair Share for Vermont @fairsharevt]

BREAKING NEWS:
The Vermont House of Representatives passed H.829, including a new tax bracket for marginal income over $500,000. This tax would only affect the top 1% of Vermont taxpayers and would raise over $74 million annually in state revenue.

[Fair Share for Vermont @fairsharevt]

When the wealthiest pay their fair share in taxes, we can build a Vermont that’s affordable for everyone who lives here. We can’t afford a Vermont that only the wealthy can afford.
#vtpoli

[Fair Share for Vermont @fairsharevt]

The Vermont House of Representatives is expected to vote this week on H.829, which includes a new tax bracket for personal income over $500,000.

This tax policy would only affect the top 1% of Vermont taxpayers and will raise significant state revenue.

[Fair Share for Vermont @fairsharevt]

We need public investment to address our state’s needs and make Vermont more affordable for all Vermonters. By increasing taxes on the wealthiest Vermont residents, we can raise the revenue needed to make these investments.

[Ralph Nader @RalphNader]

Read the full letter here: https://t.co/02KGgw0spe @fairsharevt

[Ralph Nader @RalphNader]

Last week, a group of wealthy Vermonters put out a statement supporting proposed legislation to increase taxes on the wealthiest Vermont residents. Imagine if other wealthy people in other states took the same stand? We might have a more productive, humane and just society. -R