Birdwatch Note Rating
2023-02-11 06:56:27 UTC - NOT_HELPFUL
Rated by Participant: 55C90F8B038626EB47BD2224230323512D2F19F35BEA053ED65A23D629287148
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