“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 interesting stories from The Washington Post.
Biden keeps saying billionaires pay 8 percent in taxes Not really washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
For decades, time and again, America’s tax code has been twisted and tweaked to give tax breaks to the top and crumbs (or nothing) to the tens of millions on
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