Birdwatch Note Rating
2023-02-11 03:19:38 UTC - HELPFUL
Rated by Participant: 6BE59267BC5077BDDDE0E269A94E09440ABD8671A6EFB0D97F0E44AC4F52B031
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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