Birdwatch Archive

Birdwatch Note Rating

2023-06-13 17:42:28 UTC - HELPFUL

Rated by Participant: 48E779D99C6526D13DBE5D8D6145020382EED71B43F4ADDDE38019E9FDE30545
Participant Details

Original Note:

This in not entirely true. We are experiencing an “across-the-board” tax increase of 15% due to what is being termed The Inflation Tax. Inflation is running at 7% so $10,000 in 2020 in a savings account (IRA, 401k, etc.), will buy only about $8,700 worth of stuff today. https://www.forbes.com/sites/williamdunkelberg/2023/01/05/the-inflation-tax/?sh=1d6656162f03

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