Birdwatch Note Rating
2023-02-11 05:59:20 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 6CE70A08D71358097F08F71DA53ECBDE575218BFAA2AF82090AD374E89FC6B79
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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