Birdwatch Note Rating
2023-02-11 05:59:20 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 060B3694B58081CBC248C98A51C8C7FB07A550A4C7BCA54BF595ACF6E30A0749
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/
All Note Details