Birdwatch Note Rating
2023-09-16 02:01:48 UTC - HELPFUL
Rated by Participant: 8DA04521E5F779D5C71BA693DB20C3DC536D4C5D0B93050A0BF360BC82E4CFDF
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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