Birdwatch Note Rating
2023-09-15 13:01:21 UTC - HELPFUL
Rated by Participant: D7DE205819E57A8A9C847333D21002595F7CED51AD9E8B05C8E2F256274D15CD
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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