Birdwatch Note Rating
2023-01-28 19:52:52 UTC - HELPFUL
Rated by Participant: 45B8EF43682258D990F1C39DD9C1C131E030B7B116A1A874CAD37AED55F98C04
Participant Details
Original Note:
Other contributors claim that the equivalent income tax rate would be 30%. That’s backwards. The equivalent income tax rate would be 23%. The SALES tax rate would be 30%. The bill proposes changing how the sales tax is presented to make it more comparable to income tax. https://www.vox.com/policy-and-politics/2023/1/26/23563563/fairtax-national-sales-tax-kevin-mccarthy
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