Birdwatch Note Rating
2023-09-15 10:23:46 UTC - HELPFUL
Rated by Participant: 559A885B9B36B7A96C764FA9C231CA85700DBE63285CAA563BB4AF7130312FFD
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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