Birdwatch Note Rating
2024-05-06 23:51:37 UTC - NOT_HELPFUL
Rated by Participant: AA653B0281DD74506E74C5AB8895B76375CBCF3EA11ACA7C6512AF25BEF8A943
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Original Note:
This article overstates the effective tax rate of the bottom 50% by excluding the Earned Income Tax Credit from its calculations. For actual stats see the CBO: https://www.cbo.gov/system/files/2022-11/58353-HouseholdIncome.pdf It also understates the rates paid by billionaire earners by misallocating corporate tax incidence. See: https://www.econlib.org/american-economics-association-reaches-a-new-low/
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