Birdwatch Note Rating
2023-04-17 16:45:02 UTC - HELPFUL
Rated by Participant: CD4DD68D3C882311720D6A5F20BF3815D9B907D5671A87B5A0A18BF2CE0241F5
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/
All Note Details