Birdwatch Note Rating
2023-09-15 10:41:10 UTC - NOT_HELPFUL
Rated by Participant: 6859A9B1895131B5C1BF537D2D6AD6E275AADD612B9365409D20AC9ACDF68224
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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