Birdwatch Note Rating
2023-09-15 15:02:36 UTC - HELPFUL
Rated by Participant: 421F8AA136559DD3005CB9F40BC2998FF26803F5CB3C8FF71E4BF5A3666356CF
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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