Birdwatch Note Rating
2023-02-11 05:51:55 UTC - HELPFUL
Rated by Participant: 45B4C3B5022BC55E2BCAAF8281EEA87F80AEED6C2E864D6FD764F2F46A95DBC5
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