Birdwatch Note Rating
2023-11-30 18:02:32 UTC - NOT_HELPFUL
Rated by Participant: 6CE2E389D4909EC8BA6DDB7DE5AD9467BAFE3383DC3FA8032BCDF89428ED265B
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