Birdwatch Note Rating
2023-12-01 01:50:35 UTC - SOMEWHAT_HELPFUL
Rated by Participant: B5C42670754A5F4CB6775588549A4401C279E84B809249D4C3D862999618FA18
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