The 8 Percent Billionaire Tax Figure Is a Fabricated Number

The average income tax rate in 2020 for everyone was 13.6%. The top 5% of taxpayers paid 22.4%. While the top 1%, there are your billionaires in that group paid a 26% average rate, more than eight times higher than the 3% average rate paid by the bottom half of taxpayers. Joe Biden said it was 8%. Exactly. He's full of shit. Is anyone in the media ever going to call him out and say his own IRS says that data is absolutely wrong? That the billionaire tax rate is actually three times what you're citing? Of course they're not. I'm sick of these idiots, especially on a Monday.