Birdwatch Note Rating
2023-02-11 11:15:44 UTC - NOT_HELPFUL
Rated by Participant: 31D974E0E85C57EB62AB5B04CBB1F0A0D429765E2487479931C38A36ABB2E345
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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