Birdwatch Note Rating
2023-06-13 21:50:16 UTC - HELPFUL
Rated by Participant: F4F72CA5E36AD56FE764F5F2442AF7176FD6D36B8DF71C01A5AAB907A7C96EB6
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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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