Birdwatch Note Rating
2023-11-30 16:38:02 UTC - HELPFUL
Rated by Participant: A70643F43FE4996D310DAA40FDAD8233070BDD56D07F61D4C84E65C4BEB3FF05
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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