Birdwatch Note Rating
2023-03-19 13:05:36 UTC - HELPFUL
Rated by Participant: BFEE72BF56C58C458C862CD9580D80124F43C972B73BF6300C4AE634059A09B2
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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