Birdwatch Note Rating
2024-04-24 06:25:39 UTC - HELPFUL
Rated by Participant: 98EF3EE768B11783C0BAB1D91BAC35E66B07169C301103BC734F8E25D413B085
Participant Details
Original Note:
The 8.2% tax rate figure for billionaires is based on analysis from the Council of Economic Advisors, which includes unrealised capital gains as income - this is not the current basis for taxable income in the US, but it's a justifiable measure. https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/
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