REPORT: Biden called out for dubious claim in tweet about how much billionaires pay in taxes

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by Fox News:

President Joe Biden’s Twitter account posted a questionable statistic on Saturday about how much tax American billionaires pay.

“Look, I think you should be able to be a billionaire if you can earn it, but just pay your fair share,” Biden’s tweet read. “I think you ought to pay a minimum tax of 25%. It’s about basic fairness.”

The tweet included a graphic of a Biden quote that said: “You know the average tax billionaires pay? Three percent. No billionaire should be paying a lower tax than somebody working as a schoolteacher or a firefighter.”

“I paid 53% taxes on my Tesla stock options (40% Federal & 13% state), so I must be lifting the average!” billionaire CEO Elon Musk replied. “I also paid more income tax than anyone ever in the history of Earth for 2021 and will do that again in 2022.”

“The top 1 percent of taxpayers (AGI of $548,336 and above) paid the highest income tax rate 25.99%
In all, the top 1 percent of taxpayers accounted for more than the bottom 90 percent combined. Top 1 percent of taxpayers paid $723 billion, bottom 90 percent paid $450
billion,” Mikey Adams tweeted.

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  1. The babbling idiot is at it again. Totally clueless and completely ignorant. You and your corrupt family need to just shut up because you have succeeded in screwing up this entire country in 2 short years.

  2. Look Biden probably hasn’t a clue what this tweet means. We all know his idiot staff wrote this. That being said, it’s about time the wealthy start fighting back on this narrative that they don’t pay their fair share. I never understood why they didn’t speak up. It’s always been the “big lie.”

  3. This coming from a politician who owes $500,000 in back taxes to the country he allegedly is running.
    If he’s being “fair”, why hasn’t he released his tax returns???
    How does he claim the millions/billions he’s getting from China?

  4. We should DEMAND to see Biden’s taxes!!
    Nancy & Paul Pelosi’s taxes! Any Politician’s taxes!! Should be available to the public!!
    Too many of them are becoming millionaires, when their salaries don’t correspond to them becoming millionaires!!


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