Birdwatch Note Rating
2024-11-28 20:59:01 UTC - HELPFUL
Rated by Participant: 5614EBA5386AA534D2E982EC84146821FEBF947084FA80A3819F5FB1A8EC41F6
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/
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