Birdwatch Note Rating
2022-12-15 22:10:00 UTC - HELPFUL
Rated by Participant: 9C29EC1892D6ABEE595F36A007D07E3F7AFF22A90FE9814ADE52B08E19F0ACE0
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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