Birdwatch Note Rating
2023-02-11 14:24:16 UTC - NOT_HELPFUL
Rated by Participant: 2BA566C0960E13EFA1B2A7492C6DE9F1496288D9702BD3843AF275A5538BC31E
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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