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in unrealized capital gains but that is not how the tax system works. and despite how you might feel about billionaires, the tax policy center says the top 0.1% of households paid an average tax rate of roughly 30% in 2020 next claim lot more to do i guess what during the whole time i've been able to cut the federal deficit at the same exact time over $1 trillion also misleading yes. the deficit was lower in 2023, then 2020, but that is of course, because of emergency covid spending and while biden can argue that his policies have driven a strong recovery some of his initiatives like student debt forgiveness, for example, have eaten into deficits, savings next claim when trump was president in 2020 55 of the largest
Tax-rateBillionairesHouseholdsTax-system-worksCapital-gainsTax-policy-center0-1302020DeficitYes1-trillion