Birdwatch Note Rating
2023-03-19 00:42:51 UTC - HELPFUL
Rated by Participant: 013BF8F09B8A5EBA432594CBA20E556BAA97C2A867FE53CCE41DC988ACCF3011
Participant Details
Original Note:
Total effective tax rates on the very wealthy are quite low. Poor people pay sales tax, employers shift tax burdens by lowering salaries, and the wealthy find loopholes that others cannot access. See the citations here for academic economic evidence: 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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