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Robin Hood Tax Plan

What WV Can’t Wait For

We'll build a tax plan that allows hardworking West Virginians to enjoy the benefits of our own labor, and makes certain the wealthy pay their fair share.
Tax plan

Whose Side We’re On

... and more. Click the links above to read stories from the trail.

What We're Up Against

In our plan, the wealthy will pay their fair share.

Our tax system is one of the most brutal and effective tools used by wealthy good old boys to stack the deck against working families. While blaming poor and middle class folks for our crumbling economy, rich power-brokers quietly rig the system against us, and profit at our expense.

And West Virginia has the 37th most unfair state and local tax system in the country.  This is partly because of our sales and excise taxes, which which places a disproportionate burden on almost all of us.  West Virginia also offers no fair income tax schedule to help ease that burden, and our income tax brackets are way out of whack.

A person making $60,000/year pays the same income tax rate as billionaire Jim Justice, the richest man in West Virginia!

We will do better, and win a tax system where West Virginians thrive.  We'll rewrite our tax brackets so that they’re fair to middle class and working families.  We'll create a refundable earned income tax program that gives 95% of us a much-needed tax break. We'll increase corporate income tax, close the loophole on tax havens, bring back the estate tax on millionaires, and institute a penny wealth tax.

All these steps will generate sizable tax revenue that will give a fair shake to small businesses, farmers, minersveterans, working people, students, teachers, and more.

Our Plan

If you make less than $168,000, you get a tax break. Wealthy West Virginians will pay their fair share.  Here’s how we’ll do it:

1. Adjust income tax brackets so that everyone in the bottom 95% of earners gets a tax break (with the highest % tax break going to the bottom earners).  Adjust taxes upward for the top 5% so that they pay their fair share. This will generate over $109 million in revenue.

Fair Income Tax Brackets for All West Virginians

How tax rates will change after new income tax brackets, Renewable Earned Income Tax Credits, and eliminating exemptions for highest earners .                                                                                                                                              

Income Group

Lowest 20%

Second 20%

Middle    20%

Fourth 20%

Next  15%

Next 4%

Top 1%

Income Range*

Under

$19k

$19k - $33k

$33k - $54k

$54k - $91k

$91k - $168k

$168k - $333k

$333k or More

Effective income 

tax rate

6.9%

7.9%

7.9%

8.6%

8.6%

8.2%

9.6%

Change in tax rate (% of income)

-2.5%

-1.2%

-0.6%

-0.2%

-0.1%

0.5%

2.2%

Avg change in income tax ($)

-$292

-$318

-$255

-$179

-$80

$1,003

$17,041

*Based on 2015 income levels.  Contact us for calculation sheets.

 

2. Create a 25% refundable earned income tax credit for poor and working class families, particularly those with children. With refundable tax credits, taxpayers get the full value of the credits regardless of how much they owe.  So, low-income tax payers are likely to get cash back from these types of credits. This will cost roughly $91 million.

3. Eliminate exemptions for income over $200,000, and scale back income tax exemptions for people with income between $150,000 and $200,000. This will bring in $18 million in revenue.

4. Reinstate the Estate Tax for estates over $1 million. This will bring in $20 million in revenue.

How We Pay For It

This will generate in total, about $56 million in revenue that can be used to power our economy by fully funding the Broadband for All program.

Additionally it puts money directly in the pockets of every West Virginia family household making $168,000/year or less (see details above).

Every one of our New Deal plans was written by West Virginians.

  • Our volunteers asked 11,000 of their neighbors, “What would you do if you were Governor?”
  • Our candidates attended 197 Town Halls, taking notes in community centers, church basements, union halls, and small businesses.
  • Educators met after work to start sketching out their perfect school.
  • Nurses traded ideas on the picket line.
  • Our county and constituency captains ratified a first platform in the fall of 2019 and updated it in the spring of 2020 to reflect the current pandemic.

But the legacy of this New Deal dates back to John Brown and Mother Jones, to the United Mine Workers of America and the suffragettes, to the Poor People’s Movement and the CIO.

No one politician or slate of candidates can win this plan alone. We need you.

If you have an idea for how to make this plan stronger, or if you would like to lend a hand to win it, contact our candidate for Governor Stephen Smith at stephen@wvcantwait.com.

FUND THE
MOVEMENT

 

We created a movement together, a movement to build a people’s government by and for working people—not millionaires. When we fight each other we lose. When we fight FOR each other, we win.

JOIN THE
MOVEMENT

 

We have hundreds of volunteers in every corner of the state, and a whole slate of Not-For-Sale candidates running together. It will take 1,000 leaders not 1 to win a West Virginia that works for all of us.