Stephen Ross (net worth: $4.6 billion) How he amassed “his” money: ● Owns Related Companies, which has a massive real estate empire based in NYC ○ $50 billion in corporate assets ○ Received $6 billion in subsidies for Hudson Yards, the biggest private development in the world ● Also owns gyms Equinox, SoulCycle, and Pure Yoga and restaurants Momofuko, &pizza, Bluestone Lane Coffee Stephen Ross (net worth: $7.6 billion) How he keeps “his” money: ● Political donations ○ Raised $12 million for Donald Trump at Hamptons fundraiser ○ Given $80,000 to Andrew Cuomo since 2005 ○ Donates to Republicans in Congress & NYS legislature ● Tax games ○ Billions in tax breaks and other subsidies for Hudson Yards project ○ Overstated value of a property donated to University of Michigan to claim large charitable deduction Stephen Ross (net worth: $7.6 billion) How he spends “his” money: ● At least six homes worth as much as $150 million ○ Hudson Yards penthouse, TriBeCa condo, West Village condo, mansions in the Hamptons and Palm Beach, and a Palm Beach condo ● Owns the Miami Dolphins NFL team ● Board seats at cultural institutions ○ Lincoln Center, Solomon R Guggenheim Foundation Stephen Ross (net worth: $114 billion) How we can tax “his” money: ● Billionaire Wealth Tax ○ Tax on wealth, including unrealized capital gains ● Ultramillionaire Income Tax ○ New 10.32% top PIT rate ● Stock Buyback Tax ○ Hits stunts like his attack on AT&T ● Carried Interest Fairness Fee ○ State tax on his under-taxed fees to investors ● 21st Century Bank Tax ○ State tax on hedge funds ● Yacht & Jet Tax ○ State tax on his next new private jet ● Stock Transfer Tax ○ State tax on huge stock purchases John Paulson (net worth: $4.2 billion) How he amassed “his” money: ● Founded Paulson & Co, a hedge fund that came to prominence after he made $15 billion betting against the mortgage sector ● Major vulture billionaire in Puerto Rico, investing heavily in luxury real estate with the goal of turning PR into playground for rich ● One of the biggest investors in Mylan Pharmaceuticals, company behind EpiPen price-gouging John Paulson (net worth: $4.2 billion) How he keeps “his” money: ● Maximum $5,400 individual donation to Trump campaign and $250,000 to Trump Victory ● $41,500 to Cuomo ● Served on Trump’s Economic Advisory Council ● Hosted big-ticket fundraiser for Trump ● Carried interest loophole lets him avoid taxes on his income from investment management fees John Paulson (net worth: $4.2 billion) How he spends “his” money: ● Well over $100 million worth of homes: ○ $49 million palace in Aspen, CO; ○ 28,500 square foot townhouse in Manhattan, purchased for $15 million ○ Southhampton estate purchased for $41 million; ○ $3 million apartment in Olympic Tower ● Gave $400 million to Harvard University, which re-named engineering school after him ● Gave $8.5 million to Success Academy ● He is well connected and has served on the boards of major institutions including the Metropolitan Museum of Art, Central Park Conservancy, and NYU John Paulson (net worth: $4.2 billion) How we can tax “his” money: ● Billionaire Wealth Tax ○ Tax on wealth, including unrealized capital gains ● Ultramillionaire Income Tax ○ New 10.32% top PIT rate ● Stock Buyback Tax ○ Hits stunts like his attack on AT&T ● Carried Interest Fairness Fee ○ State tax on his under-taxed fees to investors ● 21st Century Bank Tax ○ State tax on hedge funds ● Yacht & Jet Tax ○ State tax on his next new private jet ● Stock Transfer Tax ○ State tax on huge stock purchases FOURTEEN TAX-THE-RICH REVENUE PROPOSALS FOR 2020 These measures would raise over $35 billion per year 1. Billionaires Wealth Tax 2. Ultramillionaires Income Tax 3. Pied-à-Terre tax 4. Stock Buyback Tax 5. Carried Interest Fairness Fee 6. New Taxes on Big Corporations 7. Hudson Yards Luxury Land Tax 8. CEO Pay Gap Bill 9. Bills to Kill Luxury Condo Subsidies 10. Corporate Landlord Tax 11. 21st Century Bank Tax 12. Restore the Yachts & Jets Tax 13. Data Tax on the Big Platforms 14. Stock Transfer Tax Learn more at MakeBillionairesPay.info.