Birdwatch Note Rating
2023-02-11 13:06:27 UTC - HELPFUL
Rated by Participant: 14C37A6C4708FABEB2C7C99F99151C8701DC48E6DBFBF2FFE6AFB8DF8C1CF95E
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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