Birdwatch Note Rating
2024-05-19 22:41:33 UTC - HELPFUL
Rated by Participant: 78A51A2DE718A3D4E48A11B55020E34DD8D474A46E926EA85FE6A2EF092567C4
Participant Details
Original Note:
Billionaires in the top 0.001% pay an effective tax rate of about 40%. https://academic.oup.com/qje/article/133/2/553/4430651 Lower and middle quintiles pay a federal rate between 0 and 7.5% according to the CBO. https://www.taxpolicycenter.org/statistics/historical-average-federal-tax-rates-all-households The stat in this video comes from misallocating corporate taxes to the rich and excluding EITC for the poor. https://www.econlib.org/american-economics-association-reaches-a-new-low/
All Note Details