Birdwatch Note Rating
2023-02-11 03:16:33 UTC - NOT_HELPFUL
Rated by Participant: 6F313E3DC18C656937084CA7BB0FB9361C4213B735EEC657568C238403B4BA4C
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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