Birdwatch Note Rating
2022-12-15 22:16:24 UTC - HELPFUL
Rated by Participant: 795E79A98D99815EDA9D34032890C4A0D9B7D84BB7004F4887C6DBD25AEAF878
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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