Ultra-Wealthy Held $8.5 Trillion in Untaxed Profits in 2022

As the Supreme Court prepares to decide a pivotal case, the wealth of America's billionaires and centi-millionaires continues to grow, with almost 90% held by white households.

• America's wealthiest families held $8.5 trillion in untaxed profits in 2022, according to a report from Americans for Tax Fairness.
• The Supreme Court is set to decide a case that could block efforts to tax the wealth of billionaires.
• Proposals to tax unrealized gains made by billionaires are currently being considered by President Joe Biden and Sen. Ron Wyden.
• The wealth of America's billionaires and centi-millionaires has increased by more than half, or $3.2 trillion, since 2019.
• Of the $8.5 trillion in untaxed wealth belonging to centi-millionaires and billionaires, almost 90% is held by white households.

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