Birdwatch Note Rating
2024-08-21 00:05:11 UTC - HELPFUL
Rated by Participant: F0CCA516B1FAFC4E0479CC5A19F8312196D1A41C411C292BA1F1A9D53D8E8F07
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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