“Under part 2 of the infrastructure bill, upon death the entire value of your accumulated wealth and estate will be taxed at 61%.”
Social media posts
Facebook. Claim dated 10 Oct 2021.
PolitiFact rated thisFalse
What PolitiFact found
President Joe Biden proposed a 61% effective tax rate, but it would have applied only to very large estates, and it is not part of the budget bill now being debated in Congress.
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 10 October 2021. PolitiFact (United States) looked into it and published its finding on 14 October 2021, 4 days later. Its rating was “False”.
Where the claim appeared
- Facebook posthttps://www.facebook.com/photo.php?fbid=10220412782215124&set=a.10203283261187804&type=3&…
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.