Birdwatch Note Rating
2022-12-15 21:56:50 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 5BEA7D24AC467326820F71EA8EC6DE472F6506D0C9521A22394C2D7807F6777F
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/
All Note Details