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Fact check: Biden keeps saying billionaires pay 8 percent in taxes. Not really.

“Look, folks, you know how many billionaires we have in America today? One thousand. You know what their average rate - tax rate - federal tax rate is? Federal tax rate is 8.5 percent. Raise your hand if you’d trade your tax rate for 8.5 percent. I’m serious. Think about this. There’d be $40 billion raised if they even pay 25 percent.” - President Biden, remarks in Raleigh, N.C., Jan. 18Subscribe to The Post Most newsletter for the most important and interestin...
White House District Of Columbia United States Aland Viard Robert Willens Chris Edwards
Source: yahoo.com

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