Birdwatch Note Rating
2024-11-28 23:03:05 UTC - NOT_HELPFUL
Rated by Participant: DD8E125F69F0878250F9D30D677CBE50AB15FD8FFE83B5D50A1F496CB2DB5253
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