Birdwatch Note Rating
2023-03-18 19:41:32 UTC - HELPFUL
Rated by Participant: 55C90F8B038626EB47BD2224230323512D2F19F35BEA053ED65A23D629287148
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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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