Birdwatch Note Rating
2022-12-15 21:49:16 UTC - HELPFUL
Rated by Participant: 3568F67DF1938D60B3B65EC804C414F90587A03509B62D15AFA0276D3D571A5D
Participant Details
Original Note:
The estimated amount is likely incorrect. The proposed tax plan would place a 20% minimum effective income tax rate on households with a net value over $100M and include unrealized capital gain in income. This would be considered pre-paid taxes when gains are realized. https://taxfoundation.org/biden-billionaire-tax-unrealized-capital-gains/
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