Birdwatch Note Rating
2023-01-28 05:21:44 UTC - HELPFUL
Rated by Participant: 917B073EFFAE3B924424C7D7E89AB9031E4237769FF55DC098E95513958A0FA6
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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