Birdwatch Note Rating
2024-04-22 19:13:07 UTC - NOT_HELPFUL
Rated by Participant: 3BE6E3286B2D3965870F36A1512E8D229734B1217BE516BCE9B8E456142025EC
Participant Details
Original Note:
The very wealthy earn most of their money through capital gains, e.g. when they sell a company or shares. Capital gains is taxed at a much lower rate than conventional income, meaning the wealthy often pay a lower effective amount of their overall income in taxes than others: https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/
All Note Details