Analysis: Here's a roundup of 13 claims in Biden's State of the Union address that were wrong or needed context, listed in the order Biden made them.
a report issued in April 2021
But it is an imperfect measure. A company’s annual 10-K filing in March generally will have only estimated numbers, as the actual tax return generally is not filed until later in the year. Total tax numbers may be determined from looking at cash flow statements, but there is no guarantee that the calculations reflect the actual tax liability.
“Pass my proposal for a billionaire minimum tax … Because no billionaire should pay a lower tax rate than a schoolteacher or a firefighter.”concluding that the 400 wealthiest taxpayers paid an effective tax rate of 8 percent. But that estimate included unrealized gains in the income calculation. That’s not how the tax laws work currently. People are taxed on capital gains when they sell their stocks or other assets. So this is only a figure for a hypothetical tax system.on the top 0.
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