Birdwatch Note Rating
2023-12-08 17:29:58 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 783DBB0ED0E2F059527124EEBBCF5CD6A3118B8E0C8760397EF99286C64A121C
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