Birdwatch Note Rating
2023-09-16 11:34:05 UTC - SOMEWHAT_HELPFUL
Rated by Participant: C10392D8E6FE1D14CAA6579FA486847D84EA682A51154FC225BB9C6D18148E19
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/
All Note Details