Birdwatch Archive

Birdwatch Note Rating

2023-11-30 16:55:14 UTC - NOT_HELPFUL

Rated by Participant: 2B4F111CEF18169D3432D8F0AA92C1E5202284DFD7C7DFDF9510D4D8BA5276F6
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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/

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