Birdwatch Archive

Birdwatch Note Rating

2023-04-17 12:27:22 UTC - NOT_HELPFUL

Rated by Participant: 5F3FEEEA4B65ED345DAE872C369EBD16D567DEAC24EF4BC2780EA275F1673238
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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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