claim: "some billionaires have a tax rate as low as 1 percent."
author: barack obama
evidence_1: nov 19, 2011 ... and though that's a far lower rate than the 26.5 percent that many families making less than $100,000 pay annually in taxes, some of america's super-rich have been able to whittle their tax bill down even more, paying a tax rate as low as one percent, according to bloomberg. how? many of the super rich ...
evidence_2: jan 25, 2015 ... but hungerford said the thrust of his report remains accurate: a "substantial number" of middle-class americans pay higher tax rates than some millionaires. a more recent report, published in december 2014 by the tax foundation, which promotes lower tax rates, noted that the top 1 percent of taxpayers ...
evidence_3: nov 2, 2017 ... (see box 1.) the gop tax plan as a whole would cost well over $2.4 trillion over a decade and would cut millionaires' taxes by $200,000 in 2018, on average. ... some 86 percent of taxpayers who now have pass-through income already pay a top rate of 25 percent or less on such income, so they wouldn't ...
evidence_4: the richest 1% pay an effective federal income tax rate of 24.7% in 2014; someone making an average of $75,000 is paying a 19.7% rate. the average federal income tax ... today the system has badly eroded — many multi-millionaires and billionaires pay a lower tax rate than average american families. ironically, this has ...
evidence_5: nov 18, 2011 ... but the real figure for billionaires is often a lot smaller than that. sometimes they even have a tax rate as low as 1 percent. that's because they derive the bulk of their income from stock appreciation, and they use complicated strategies — some of them — to make sure those gains don't get classified as ...