Birdwatch Note Rating
2022-06-16 16:38:41 UTC - HELPFUL
Rated by Participant: C8E9B35198BD5591D27E646E0F702A0E6CA450A13723A369246187873FA5B4A2
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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