Biden’s Tweet on Taxes That Billionaires Pay Fact-Checked, Labeled ‘Incorrect’ by Twitter

President Joe Biden speaks with reporters before departing from the South Lawn of the White House on Marine One in Washington, on March 17, 2023. Anna Moneymaker/Getty Images

A post published on President Joe Biden’s official Twitter account has been fact-checked and labeled “incorrect” after the White House claimed the average American billionaire pays just 3 percent in tax.

The president’s official account posted a tweet of a photo of Biden on March 18 containing a quote from him which read: “You know the average tax billionaires pay? Three percent. No billionaire should be paying a lower tax than somebody working as a schoolteacher or a firefighter.”