Birdwatch Note Rating
2023-02-11 06:49:01 UTC - HELPFUL
Rated by Participant: 33FC392D569297D2C214D05F0D0FE3A644E8A5D171AE02E6073A846A81DB62D4
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/
All Note Details