Birdwatch Note Rating
2022-12-16 06:26:59 UTC - HELPFUL
Rated by Participant: 55A94E6B073FD2DD09006D636CF5415C962E8001EF4AE9147E381C3DEA87BAE0
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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