Birdwatch Note Rating
2023-03-19 01:21:42 UTC - HELPFUL
Rated by Participant: FDE7E33C781464C12D926E462D3E7DF78F2D693E889147709E809063FBFE0C61
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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