Birdwatch Note Rating
2023-09-15 11:09:32 UTC - HELPFUL
Rated by Participant: C0DA0E1225995F1773D4CDF8D1BD8BB52A242F9478D0896DFDF73F8ED431A17A
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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