Birdwatch Note Rating
2023-09-16 02:01:11 UTC - HELPFUL
Rated by Participant: 8DA04521E5F779D5C71BA693DB20C3DC536D4C5D0B93050A0BF360BC82E4CFDF
Participant Details
Original Note:
The actual average tax rate billionaires pay is 23%. The claim that "billionaires on average pay 8% in federal income taxes" is misleading. Billionaires are taxed at the same brackets as everyone else on their earned income, there is no special rate for billionaires. https://www.forbes.com/sites/howardgleckman/2019/10/11/are-us-billionaires-really-paying-a-lower-tax-rate-than-working-people-probably-not/
All Note Details