Birdwatch Note Rating
2024-11-28 19:28:01 UTC - HELPFUL
Rated by Participant: 48FBA1EA7A125945B664C21F21C7B102B59A63E53A8B35BD2B5F3DD58CC14C3D
Participant Details
Original Note:
The US government ran a $1.7 trillion deficit in 2023 Billionaires received $1.8 trillion in income from 2010-2018, taxed at 8.2%, so even a 90% income tax on billionaires for 8 years wouldn’t cover the federal deficit for a single year. https://www.cbo.gov/publication/59727 https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/
All Note Details