Birdwatch Note Rating
2023-03-19 06:53:00 UTC - HELPFUL
Rated by Participant: E7316F51BFA8575B60B8E2EFBB1213DFD713C32411F832876276D324BB399202
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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