Birdwatch Note Rating
2023-02-11 13:57:58 UTC - NOT_HELPFUL
Rated by Participant: 0E79A8B76E0BCDE2198FCFCFEA83774B3C89563CAA7265E7B232E0775378D717
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