Birdwatch Note Rating
2023-02-11 13:17:29 UTC - HELPFUL
Rated by Participant: 3CE526D76EF3967256B95114345835EF4A8910921FF19F3A24FF1CC8757626A8
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