Birdwatch Archive

Birdwatch Note

2023-03-18 19:37:35 UTC - NOT_MISLEADING

Total effective tax rates on the very wealthy are quite low. Poor people pay sales tax, employers shift tax burdens by lowering salaries, and the wealthy find loopholes that others cannot access. See the citations here for academic economic evidence: https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/

Written by C90C535484C4D52ED31381955CA67F06C8A969E1220D779EE2B05BE1BBDD4DEF
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• noteAuthorParticipantId - C90C535484C4D52ED31381955CA67F06C8A969E1220D779EE2B05BE1BBDD4DEF Participant Details
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• classification - NOT_MISLEADING
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• summary
• Total effective tax rates on the very wealthy are quite low. Poor people pay sales tax, employers shift tax burdens by lowering salaries, and the wealthy find loopholes that others cannot access. See the citations here for academic economic evidence: https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/