Birdwatch Note Rating
2023-02-11 14:51:27 UTC - NOT_HELPFUL
Rated by Participant: 00629A0D04780DE1CF3F72941B4EA0D0FCD0D855B970E916296AD42CA5E7FD67
Participant Details
Original Note:
The implication that billionaires are paying a lower tax rate than teachers or firefighters relies on conflating real income (predominantly in the form of wages), and asset appreciation. Such asset appreciation is already taxable under current tax law upon realization. https://www.whitehouse.gov/omb/briefing-room/2021/09/23/new-omb-cea-report-billionaires-pay-an-average-federal-individual-income-tax-rate-of-just-8-2/
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