Birdwatch Note Rating
2023-02-11 15:52:46 UTC - NOT_HELPFUL
Rated by Participant: 3BE758549AF09C1F2ADDDDE8D25AE0C2B834391AFB2FE7CC3684FB5A82FE1FAF
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