Birdwatch Note Rating
2024-07-06 12:07:59 UTC - HELPFUL
Rated by Participant: 4F9491C8A2322303E56FF648F7918AE438F7628043D05B8F2E8FBA8F999CDD30
Participant Details
Original Note:
FALSE: no one in the US pays anything close to 40% of income. The top bracket is 37% in 2024; and b/c it's marginal the total tax rate is lower. (Someone making $500k would pay an effective tax rate of ~28%) https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2024 https://smartasset.com/taxes/income-taxes#DZMj5S6iRG Also, the 1773 Tea Act was a tax CUT at 3% & made tea cheaper: https://www.ushistory.org/declaration/related/teaact.html https://www.jyfmuseums.org/learn/research-and-collections/essays/the-tea-act-and-the-boston-tea-party#:~:text=The%20British%20Parliament%20passed%20the,the%20colonies%20from%20other%20places
All Note Details