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Taxes On the Rich

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U.S. Senator Elizabeth Warren (D–MA) claims that she’s introducing a bill to raise taxes on “millionaires and billionaires” because “it’s time for” for them “to start paying their fair share.”

IN FACT, the richest 1% of Americans pay an average federal tax rate of 30% — significantly more than any other group. Unlike the deceitful tax rates often cited by Democrats, the rates shown in this chart include nearly all federal taxes and all income:

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