Birdwatch Note Rating
2023-03-19 05:08:34 UTC - HELPFUL
Rated by Participant: 26C19C379C6B1D8B292F56F85671B96436D70162D14D72A1FEBB055FE40509CA
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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