Birdwatch Note Rating
2023-02-11 02:03:19 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 362749875B63A2A0197DF3526CF254ABF4C625CB4DD627189E55B690EC175722
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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