Birdwatch Note Rating
2023-02-11 19:05:36 UTC - NOT_HELPFUL
Rated by Participant: 4FAF97A4AA81795BD3899343A27E5ECC060A047F9FA1FB081E4AABCDB0DBCC51
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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