Birdwatch Note Rating
2023-03-18 20:05:12 UTC - HELPFUL
Rated by Participant: F4C0EE0F5A62893977BEB1C57C4510C9871E238388FA199BD7476B10E10F8668
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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