Birdwatch Note Rating
2022-12-15 21:17:26 UTC - HELPFUL
Rated by Participant: 699562C4A63C2D02DD5E4964F173D2E8C44355EDDDF83C5F13212AD5C4BB954A
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