As a result of the power of the very wealthy and their numerous lobbyists in Washington DC, billionaires today pay an effective tax rate that is lower than many of you pay. Large corporations making billions of dollars in profits sometimes pay nothing in taxes or relatively small amounts. So you got massive income and wealth inequality, you got lobbyists representing corporations all over Washington, DC, rigging our tax system. But it is not just income in wealth inequality. (31:13–31:24)
CLAIM
Asserts that some large corporations pay little to no taxes despite high profits.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
