Birdwatch Note Rating
2023-02-11 13:57:58 UTC - NOT_HELPFUL
Rated by Participant: 123C2A74E67C22B4D49C1627C0BDC320C950CD3EFE7F3E4A402DE373C9923B3B
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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