Birdwatch Note Rating
2023-09-15 11:16:50 UTC - HELPFUL
Rated by Participant: DA2103334557DCB538CA4B355F15243AABE01E5BAC44865DF18470C5C062E0CF
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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