Birdwatch Note Rating
2022-12-15 21:49:16 UTC - HELPFUL
Rated by Participant: 5FE79FB63D3E6B7AAD3404EEE7A90EF2EB7D5CECD77995B60927A8EF3064AEB2
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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