Birdwatch Note Rating
2023-09-15 14:54:39 UTC - HELPFUL
Rated by Participant: 9A08FBAE159146F79C5F7CC5A4FBA86141011582E01119D736FCD8C989DE9F17
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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