Describing taxes paid as a share of wealth as a "true tax rate" is...untrue, given that the U.S. doesn't have a wealth tax. I appreciate that @ProPublica may support a wealth tax, but this framing is deceptive. As a share of income, the percentages would look much different.
4/ Rather, these IRS records show the wealthiest can\u2014perfectly legally\u2014pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year. pic.twitter.com/T04W3be5SQ
— ProPublica (@propublica) June 8, 2021