Birdwatch Note Rating
2023-09-15 11:26:24 UTC - HELPFUL
Rated by Participant: 3F02C38822C1FFC8453A379567D89C1D95A59CC7B53419592C5A9CB57A110E13
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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