Birdwatch Note Rating
2023-12-01 03:17:48 UTC - NOT_HELPFUL
Rated by Participant: AF4BFFA70FFDE89C8955254A2B37B65D96C5C98327998C88BD84F589EF448FF1
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