Birdwatch Note Rating
2022-06-16 00:14:50 UTC - HELPFUL
Rated by Participant: 04E0788AD810050418BBEDAFD2481E90904248E2538D9D4DF90E461C3C37604C
Participant Details
Original Note:
The 8% tax rate claim made here does not represent the true actual rate based on current tax laws. It's comparing what was paid in income taxes with what might be paid with a theoretical wealth tax on unsold stock (unrealized gains). It is intentionally misleading. https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/
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