Obama: Billionaires Paying 1 Percent Tax Rates Is ‘The Height Of Unfairness’

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President Obama said some billionaires pay a tax rate as low as 1 percent.

“This is the height of unfairness,” Obama said. “It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay a higher tax rate than somebody pulling in $50 million.”

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