Birdwatch Note Rating
2024-04-22 19:56:39 UTC - NOT_HELPFUL
Rated by Participant: 57D2EC3EDE39E0ED16B7E9AFDC5F0E70DE02D286B4BA70BA8470E825EAF22D7E
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