Birdwatch Note Rating
2023-09-16 05:09:34 UTC - HELPFUL
Rated by Participant: 4C2917F414A588CC4B53CD34926B9ADB843EC2B071C559F70F07026E8CC4C259
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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