Birdwatch Note Rating
2022-06-16 02:38:51 UTC - HELPFUL
Rated by Participant: 5F67D52A16CD10C3EC5B39D9AE1FE4EF2C96BD089266C9D040F6B176619CA411
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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