Birdwatch Note Rating
2023-12-01 21:09:27 UTC - HELPFUL
Rated by Participant: 0C9F2BE6C2DEC1D752A20858D4DD8D4140A9F8BB07E7237DB44BEB4B78CF4C6F
Participant Details
Original Note:
While the top marginal tax rate on earned income is 37%, the effective tax rate on billionaires is much lower, possibly as low as 8%, due to tax rules favoring passive income and investments. https://www.whitehouse.gov/omb/briefing-room/2021/09/23/new-omb-cea-report-billionaires-pay-an-average-federal-individual-income-tax-rate-of-just-8-2/
All Note Details