Lying Joe Biden Democrats Caught lying, again...
Liar liar pants on fire... Musk Blasts Biden After Prez Lies Twice About '3% Billionaire Tax' https://www.politifact.com/factchecks/2023/feb/20/joe-biden/in-push-for-bill... On Saturday, President Biden's social media galaxy brains tweeted out a twice-corrected lie, quoting the president telling said lie, that billionaires are getting away paying just 3% of their average earnings in taxes. "You know the average tax billionaires pay? THREE PERCENT. No billionaire should be paying a lower tax than somebody working as a schoolteacher or firefighter," reads the erroneous tweet. To which Musk replied: "I paid 53% taxes on my Tesla stock options (40% Federal & 13% state), so I must be lifting the average!" "I also paid more income tax than anyone ever in the history of Earth for 2021 and will do that again in 2022." I certainly agree that everyone should pay taxes and not engage in elaborate tax-avoidance schemes. Would be curious to hear how these other “billionaires” are so good at avoiding taxes! We should get rid of GRATs, but maybe other things too. — Elon Musk (@elonmusk) March 18, 2023 As Ian Bremmer points out, "the 3% number isn't even close to true." Bremmer's tweet includes a screenshot from CNN, which fact check's the claim and notes that it's from a 2021 finding that found the 400 wealthiest billionaire families pay an average of 8.2% of their income in federal taxes. In response so Biden's original claim that was fact checked, the White House published a corrected transcript. the 3% number isn’t even close to true pic.twitter.com/62oX3tKlLx — ian bremmer (@ianbremmer) March 19, 2023 Politifact found that the 25 highest-earning billionaires are paying around 16% in federal taxes, while most teachers and firefighters pay between zero and 15%.