In a recent speech touting his economic policies, President Joe Biden took aim at the tax rates of the wealthiest Americans.
During the president’s Jan. 25 stop in Superior, Wis., he said: "There are a thousand billionaires now, and you know what their average tax rate is? Eight percent."
Biden has used this figure before, but it’s inaccurate because it uses a hypothetical calculation and isn’t a reference to the current tax code. READ MORE