Birdwatch Archive

Birdwatch Note Rating

2023-11-30 17:24:41 UTC - NOT_HELPFUL

Rated by Participant: 2E8F2B9D8B68C921937916AE83A25FB00540A1BDC5DD0594782A11CD98C99013
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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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