Birdwatch Note Rating
2024-04-22 18:51:04 UTC - NOT_HELPFUL
Rated by Participant: 659BA8E84863415A119531CFD3CE606BDFCC20B960346F232D042F8700FF5370
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/
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