Birdwatch Note Rating
2023-09-15 11:43:55 UTC - HELPFUL
Rated by Participant: 37920FBC7788CDB7333EDDE4E64F2ECD41B740BFE92F45B87D68CF200DED166C
Participant Details
Original Note:
To arrive at the 8% figure cited, the authors estimate the change in overall, unrealized wealth instead of traditional income as used by the IRS and state governments. Their analysis doesn’t estimate the tax rate according to official definition. https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/
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