Biden repeats false claim that billionaires pay 3% tax rate, gets flagged by Twitter – IOTW Report

Biden repeats false claim that billionaires pay 3% tax rate, gets flagged by Twitter

JTN: President Biden tweet this past weekend that billionaires pay a 3% tax rate has been refuted by fact check websites and has now been flagged by Twitter.

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

According to, Biden made the same 3% tax claim twice in February.

“Biden’s statements refer to a White House economic analysis that included earnings on unsold stock as income,” reads a analysis. “After factoring in this change in wealth, the analysis estimated the average federal individual income tax rate for the 400 wealthiest families was 8.2%, based on the years 2010 to 2018. (On Feb. 9 and 15, Biden incorrectly said 3%.)”

According to a Tax Policy Center chart” “When looking only at income, the top-earning taxpayers, on average, pay higher tax rates than those in the income groups below them. The top 0.1% of earners, with more than $4.4 million in expanded cash income, pay an average rate of 25.1% in federal income and payroll taxes. MORE

14 Comments on Biden repeats false claim that billionaires pay 3% tax rate, gets flagged by Twitter

  1. Joey also claimed that more than 3% of his brain cells remain functional. Twitter will flag that claim, too, but Joey won’t notice because, as he just demonstrated, he’s forgotten how to read. With any luck, he’ll soon forget how to inhale.

  2. Santa Cruises twitter:

    Sea Level pressure drop in 17 Hours
    The Round Up will be coming shortly


  3. I see his trans intern got flagged again for a false tweet.

  4. If I were to tax the rich, I’d start here.
    How One Address in Delaware is Home to 285,000 Companies
    ht tps://

  5. So what is the Tax Rate on seed money capitol?
    What Tax Rate percentagely speaking did all those Bidens Pay on their Capitol Investments and it’s Distorbutions?

  6. Jackass Joe is an inveterate liar.
    Always has been, always will be.

  7. How much money does Biden pay in taxes and how much does he donate to charities?

  8. How about the bottom 50% of earners that pay no income tax? Maybe they should pay something – you know, so they have ‘some skin in the game’.

  9. Hey Wild Bill
    They got that bottom 50 covered with FEES
    Everywhere a FEE

  10. Taxes- collected in America, spent elsewhere

  11. How to hide money from taxes.
    Don’t forget “Biden Cancer Initiative” that didn’t ever spend money on cancer.
    Biden cancer nonprofit suspends operations indefinitely
    ht tps://

    The Sanders Institute
    ht tps://

  12. Those people pay federal income taxes, yeah right. Sure. Elon flagged this, golly I wonder why?
    He would never lie. He guarantees his self-driving cars never crash burn up with the doors locked. Thats a feature.

  13. Wild Bill
    Yea, Tax those poor folk.
    They must be hiding all that loot.

    You jughead

  14. 𝒞𝓇𝒶𝒸𝓀𝑒𝓇FJB𝒷𝒶𝒷𝓎

    “….Biden incorrectly said….” HA! No he lied again!
    AND @ Als Capone March 22, 2023 at 4:18 pm,
    Are you as stupid as Max? If there is a frickin’ thing as “fair share” then EVERYBODY pays….. numbnuts!


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