Birdwatch Archive

Birdwatch Note

2023-03-18 20:04:33 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The proposed comments miss two key points which are explained in the links. First, while direct income is taxed at 25%, many wealthy folks don't get paid by salary. Second, while gains on bank accounts are taxable unrealized gains on stocks are not, which gives 8%, not 3%. https://www.politifact.com/factchecks/2022/jul/13/joe-biden/joe-bidens-dubious-math-federal-income-tax-burden/

Written by E6014CA5DD49D4436AA22DD513A064EF18829F8FBE7F916BEB0955848436627A
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• noteId - 1637183226094448643
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• noteAuthorParticipantId - E6014CA5DD49D4436AA22DD513A064EF18829F8FBE7F916BEB0955848436627A Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The proposed comments miss two key points which are explained in the links. First, while direct income is taxed at 25%, many wealthy folks don't get paid by salary. Second, while gains on bank accounts are taxable unrealized gains on stocks are not, which gives 8%, not 3%. https://www.politifact.com/factchecks/2022/jul/13/joe-biden/joe-bidens-dubious-math-federal-income-tax-burden/