You WON’T Believe What This Democratic Rep. Uncovered About the Biden Administration

In a recent tweet, President Biden made a controversial statement about the amount of taxes paid by American billionaires.

According to Biden’s tweet, billionaires should pay a minimum tax rate of 25% and the average tax paid by billionaires is only 3%. This statement has caused a lot of confusion and controversy.

Critics of the President have pointed out that the 3% figure is not accurate and contradicts the statistics released by the White House. In February, the White House issued a fact sheet stating that billionaires pay an average tax rate of 8%.

This figure takes into account the potential profit on an unsold asset, which is factored in as income. Including unrealized gains in the calculation significantly reduces the average tax rate for billionaires.

The confusion surrounding Biden’s statement has been compounded by the fact that he did not provide a source for his claim.

Without a source, it is difficult to verify the accuracy of his statement. Moreover, the lack of clarity in Biden’s tweet has caused confusion among the public, with many people questioning whether the President is spreading misinformation.

Critics of the President have also pointed out that his statement is misguided. Billionaires pay a significant amount in taxes, and it is unfair to suggest otherwise.

While there are certainly some wealthy individuals who use loopholes to avoid paying their fair share, this is not true of all billionaires. Furthermore, the President’s proposed minimum tax rate of 25% would be a significant increase for many billionaires.

While it is true that some billionaires pay less than this, others pay significantly more.

It is important to ensure that everyone pays their fair share, but it is also important to avoid punishing those who are already contributing a significant amount.

In conclusion, President Biden’s recent tweet about billionaire taxes has caused controversy and confusion.

While it is important to ensure that everyone pays their fair share, it is also important to avoid spreading misinformation and punishing those who are already contributing a significant amount.

The lack of clarity in Biden’s tweet has only added to the confusion, and it is important for the President to provide more accurate and transparent information in the future.

Source https://www.foxnews.com/politics/dem-congressman-shreds-biden-admin-green-energy-hypocrisy-pisses-me-off