Birdwatch Note Rating
2023-02-11 03:51:08 UTC - NOT_HELPFUL
Rated by Participant: 83113C1E549F4C35D5AFD04C750E75405E8349EDB7F84614D4F52B535CA58B06
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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