Birdwatch Note Rating
2023-02-11 03:51:08 UTC - NOT_HELPFUL
Rated by Participant: 26DF93CAD593F45D00A2B78BCBB8C851BA31E6E6EED9CCB8CF13BD92A661597A
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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