Birdwatch Note Rating
2023-03-19 06:52:50 UTC - HELPFUL
Rated by Participant: BEE8A850CB91328648199F505964191B0A752B7305CFCFE9E13522318DE18C9A
Participant Details
Original Note:
The tax Biden proposes is based on income which is different from wealth. Many billionaires have a very small salary, their main income is from occasionally selling stocks. https://www.cnbc.com/2018/01/23/elon-musks-salary-at-tesla.html In 2020, the top 5% paid 63% of all federal income taxes and the bottom 50% of earners paid only 2.3%. https://taxfoundation.org/publications/latest-federal-income-tax-data/
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