Birdwatch Archive

Birdwatch Note Rating

2023-11-30 20:35:19 UTC - NOT_HELPFUL

Rated by Participant: 67AC3EA70C1854DB7643EFC914C59F761B307A648E61D5F8BEE1D47E32D13471
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/

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All Information

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