Birdwatch Note Rating
2024-11-29 04:55:20 UTC - HELPFUL
Rated by Participant: E961C9B8B338CCC41CD3946E9B379FEA8A90EEDBF1BB8807AD435D51A1941579
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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