Birdwatch Note Rating
2023-02-11 01:29:35 UTC - NOT_HELPFUL
Rated by Participant: 7BCD718E512E446AEF4EA3476701A4B5789C4CE1DA7ED8BB1EB537225876EA93
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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