Birdwatch Note Rating
2024-11-29 06:06:13 UTC - NOT_HELPFUL
Rated by Participant: 7AC240CEC587B8FA19D41409A641187B240F3D47ED50F6C0A59B5E6D76AA18DF
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