Birdwatch Note Rating
2023-03-18 21:07:32 UTC - HELPFUL
Rated by Participant: 5282A54D1495FEDC1D86F84FA8981A5DD109B6E0E81B847085ECE34034EADEB7
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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