Birdwatch Note Rating
2022-06-15 19:58:32 UTC - HELPFUL
Rated by Participant: B355BDD3A05D37B88E7D119D580CA9F248FB0D91517BAB9F81718F4881CBF6F4
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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