Checked elsewhere / Sources

PolitiFact

PolitiFact is a United States fact-checking site run by the Poynter Institute. It rates claims by politicians and viral posts on its Truth-O-Meter, from True to Pants on Fire.

Joe Biden, president

“There are 1,000 billionaires in America. You know what the average federal tax is for those billionaires? No? They’re making great sacrifices. 8.2%.”

PolitiFact rated this: This is misleading

PolitiFact says: Biden makes it sound as though this is the actual tax rate the wealthiest Americans pay under current law. It's not. It's a theoretical calculation that includes forms of unrealized wealth that are not taxed today.