The system is rigged. Since 1955, tax rates on the ultra wealthy have plummeted. The average American pays about 14 and a half percent of their income in federal income taxes. Now The 400 wealthiest billionaires pay about half [of 14.5% in federal income taxes]. that. How is that possible? Well, over the last 50 years, billionaires have bankrolled political campaigns, and then their puppet politicians turn around and rewrite the tax code to benefit them at our expense. (00:43–00:47)
CLAIM
Asserts that the wealthiest billionaires pay approximately 7.25% in federal income taxes.
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