Birdwatch Note Rating
2023-09-15 13:53:21 UTC - HELPFUL
Rated by Participant: B8C1B5F2E33C3722ECC69924C7694CE19BED63DA4BEB13710B2451057ADB977E
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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