Birdwatch Note Rating
2023-03-19 08:40:34 UTC - HELPFUL
Rated by Participant: BD5E8F797EBDA2DAF72EEC9AA4D3DC0A6ED6A0726B9DA7929563DD4BF4797D94
Participant Details
Original Note:
The 8% claim is a theoretical calculation that doesn't follow current tax laws. https://www.factcheck.org/2023/02/bidens-tax-rate-comparison-for-billionaires-and-schoolteachers/; https://www.politifact.com/factchecks/2022/jul/13/joe-biden/joe-bidens-dubious-math-federal-income-tax-burden/; https://www.cnn.com/2023/02/17/politics/biden-economy-facts-first/index.html IRS data shows the highest 1% of incomes earned 22% of the nation's salary & paid 42% of the nation's taxes. Top 10%: 50% of salary & 74% of taxes. Higher incomes had higher tax rates. https://taxfoundation.org/summary-latest-federal-income-tax-data-2023-update/
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