Birdwatch Note Rating
2023-03-19 15:16:37 UTC - HELPFUL
Rated by Participant: A45F24ABB64C7FEC8605B99D5A477E48E0F7A53942A171B94F3119CE909CBF2A
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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