Birdwatch Archive

Birdwatch Note Rating

2023-04-17 18:23:33 UTC - HELPFUL

Rated by Participant: 22508C4C25E56E7BC610710C5EF7343C4699BF730AB91101C86C67F55C0632FC
Participant Details

Original Note:

If we assume the top federal tax bracket of 37% and apply the overall state and local tax rate for New York (at 15%), then you start creeping up to the 60% total tax. Consumption taxes (fuel, sales, etc.) add to the total tax burden, of course. Few pay the top MARGINAL rate. https://taxfoundation.org/tax-burden-by-state-2022/

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