Birdwatch Note Rating
2022-06-16 00:28:48 UTC - HELPFUL
Rated by Participant: 283F1175E8BC4BE02FA496E91324FCE9
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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