Birdwatch Note Rating
2023-02-11 02:03:19 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 13908459C998A4CE3ADA4D9DC2EA2DC0058EF4C0B0500C8FA69B74897F8E2EA7
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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