And there are loopholes that the rest of us can't take advantage of. 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 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. (00:36–00:43)
CLAIM
Asserts the average federal income tax rate for Americans is 14.5%.
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