Birdwatch Note Rating
2022-12-15 21:50:37 UTC - SOMEWHAT_HELPFUL
Rated by Participant: B115C0A56057A59A61ED98D3BD9CA8AC9520D1D8866B95A922EA8F9FB56347D9
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