Birdwatch Note Rating
2024-04-17 15:24:58 UTC - HELPFUL
Rated by Participant: 538C7263580F9453EC9DDBB43593ECBF8A2F63B12FF2A43D1CE1B3AEBBBD6544
Participant Details
Original Note:
Although "income tax" rates have not gone up on those under 400k, Bidenomics created a heavy inflation tax on the lower income. Hitting its high of 9.1% in June of 2022. Goods are up 20% or more. Those who benefited from higher wages ended up in higher tax brackets. https://taxfoundation.org/blog/inflation-regressive-effects/ https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm
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