The top 1% of taxpayers, on average, pay a higher effective tax rate than middle-income people, contrary to a claim Joe Biden made on the campaign trail.
Biden Misleads on Top 1% Tax Rate
Issues: Taxes
Video: FactChecking Round Two of July Debate
This video covers some of the claims the candidates made on July 31 during round two of the second Democratic debate in Detroit.
FactChecking July’s Round Two Debate
Several of the factual distortions concerned what the candidates had to say about one another.
Facts on Warren’s Wealth Tax Plan
Sen. Elizabeth Warren likes to say, “I’ve got a plan for that.” She has lots of plans, but there is one on which many of the others hinge: her plan for an “Ultra-Millionaire Tax,” an annual wealth tax on all assets over $50 million. We’ll answer several questions about how it would work and what it might raise.
Video: Biden’s False Claim on Tax Cuts
In this week’s fact-checking video, CNN’s Jake Tapper examines a false claim by former Vice President Joe Biden that “all of” the tax cuts signed into law by President Donald Trump “went to folks at the top and corporations that pay no taxes.”
Trump Wrong About Tax Law
Asked whether he believes federal law requires him to give Congress his tax returns, President Donald Trump responded, “There’s no law whatsoever.” He’s wrong about that.
Does China Pay Tariffs?
President Donald Trump is fond of saying that China is paying the U.S. billions of dollars in increased tariffs. Not true. Tariffs are taxes paid by U.S. importers in the form of customs duties, and to some extent by U.S. consumers in the form of higher prices.
Meme Spreads Bogus Tax Information
A meme is circulating online with false information about changes to tax deductions. Student loan interest, medical expenses, property taxes and charitable donations are still deductible.
Kamala Harris Mistweet on ‘Tax Hike’
Sen. Kamala Harris, a declared candidate for president, cited preliminary IRS tax refund data for 2018 to criticize the Tax Cuts and Jobs Act as “a middle-class tax hike.” That’s a misreading of the data.
Video: Trump on His Tax Returns
CNN’s Jake Tapper examines President Donald Trump’s claims about his tax returns in this week’s fact-checking video.