Birdwatch Note Rating
2023-02-11 02:11:57 UTC - NOT_HELPFUL
Rated by Participant: 8336582B44464486B4C6373FAC20F2EC2426FC374E9D64C92EE4F8B1BE450E9E
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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