Birdwatch Note Rating
2023-02-11 14:24:14 UTC - NOT_HELPFUL
Rated by Participant: 26C19C379C6B1D8B292F56F85671B96436D70162D14D72A1FEBB055FE40509CA
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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