In a Thursday interview on CNBC show Mad Money with Jim Kramer, Sen. Elizabeth Warren came out swinging against billionaires, saying:

“You know that top one-tenth of 1 percent this year, taxes all in, they’re gonna pay about 3.2 percent of their total worth in taxes to help keep everything running around here. You know what the 99 percent is gonna pay this year? They’re gonna pay about 7.2 percent of their wealth. That’s more than twice as much.”

But Elizabeth Warren’s numbers are very misleading.

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