Birdwatch Note Rating
2023-02-11 01:29:35 UTC - NOT_HELPFUL
Rated by Participant: 2BF203021A4C60D21D5F28B8C0E57A7D2E1A460B12B2A462FE35D7B47FEF92B7
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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