Birdwatch Note Rating
2023-03-19 05:08:34 UTC - HELPFUL
Rated by Participant: DDF63D495EFE231E98E52F620B3E5028F62EA52492E27FA9234507D0AAF642B8
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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