Birdwatch Note Rating
2024-04-05 11:55:08 UTC - HELPFUL
Rated by Participant: 9E30EBA4D9F454399CA780A80F1EFF5C9C1ED1303585D7421C394272E70E536F
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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