It's even more accurate today. In America right now, billionaires pay a lower effective tax rate than the average worker. A few years ago, it was estimated that Elon Musk, the wealthiest man alive, paid an effective tax rate of less than 3.3%. while the average bus driver in America paid an effective tax rate of 8.4%. Jeff Bezos, the fourth wealthiest man alive, paid an effective tax rate of less than 1%, while the average firefighter in America paid a tax rate of 8.7%. (20:44–20:58)
CLAIM
Asserts that Elon Musk paid an effective tax rate of less than 3.3%.
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