Birdwatch Note Rating
2023-09-15 23:58:28 UTC - NOT_HELPFUL
Rated by Participant: E63A25B6F17B39712EEE88D39B138D9EC165E5627BC44CD330721037E36F4A06
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/
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