Birdwatch Archive

Birdwatch Note Rating

2023-12-02 14:18:48 UTC - NOT_HELPFUL

Rated by Participant: C19AE8FF4F2046835B217C7F196CEE226BDA819AD0871ED84C435953E543C0A7
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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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All Information

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