Birdwatch Note Rating
2023-02-11 05:26:02 UTC - HELPFUL
Rated by Participant: 86691D091A7D80C73372AB0A86E442E506FCD174621AB285F6B03ABBB0EBA807
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/
All Note Details