Birdwatch Note Rating
2024-05-20 04:13:03 UTC - HELPFUL
Rated by Participant: F8B3437C05230F2A92F393522497465498F4167B23FD37E65057CF33F28445A0
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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/
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