And if you were taking a look at the Tax Foundation's work based upon the Treasury's analysis from last fall during the Biden administration, you would find that Many of the super rich pay 60% in tax. So to come in and guess what, those rich people, they have the ability to leave the country. So they're not necessarily going to hang around if we decide to go higher than what they're already paying. (38:33–38:37)
CLAIM
Asserts that many wealthy individuals pay a 60% tax rate.
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.
