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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 interesting stories from The Washington Post. ....

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

Biden keeps saying billionaires pay 8 percent in taxes. Not really.
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Addressing the Long-Term Fiscal Imbalance with a Value-Added Tax | American Enterprise Institute

Addressing the Long-Term Fiscal Imbalance with a Value-Added Tax | American Enterprise Institute
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AEI Economic Perspectives | American Enterprise Institute

AEI Economic Perspectives | American Enterprise Institute
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Alan D. Viard | American Enterprise Institute

Alan D. Viard | American Enterprise Institute
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