Birdwatch Archive

Birdwatch Note Rating

2023-12-01 00:59:24 UTC - HELPFUL

Rated by Participant: CACBC4EC8C4E4D19376CEDA34D4EB5ADD4618462A48AECCCB728113F54B501B3
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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Original Tweet

All Information

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