Birdwatch Note Rating
2023-02-11 19:24:25 UTC - NOT_HELPFUL
Rated by Participant: 227FB591929CFE7A6E9D461A4AC38B20C8FCA8EECB85AFD5A9E5D11272351837
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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