Birdwatch Note Rating
2023-02-11 19:05:36 UTC - NOT_HELPFUL
Rated by Participant: 46B0CFC148E1C792DDA13EAEB86C5664EF584F2368644FEA3D05AE6698264BBD
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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