Washington CNN —President Joe Biden spent three days this week campaigning in the critical swing state of Pennsylvania.
(The White House corrected the official transcript of Biden’s speech to make clear Biden should have said 2025 instead of 2024.)
In other words, there will clearly still be some big and profitable corporations paying no federal income tax despite the existence of the new Biden tax.
The center found that the top 0.1% of households paid an average effective federal tax rate of about 30.3% in 2020, including an average income tax rate of 24.3%.
“The deficit is a trillion dollars lower, roughly, than when President Biden took office.
Persons:
Joe Biden, Ambrose Finnegan, Biden, Jill Biden, PolitiFact, they’ll, it’s, “, Tami Luhby, —, ’ They’ve, Fuxian Yi, Yi, “ It’s, Derek Scissors, Trump, ” Biden, Biden’s “, Matthew Gardner, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, ”, I’ve, Donald Trump, ” Marc Goldwein, Goldwein, he’s, Afghanistan Biden, Biden’s, Finnegan, Finnegan “, Donald Judd, spokespeople, Andrew Bates
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Locations:
Pennsylvania, China, Iraq, Afghanistan, Scranton, Pittsburgh, America, Berkeley, “, New Guinea, ” New Guinea