Birdwatch Note Rating
2023-02-11 10:13:34 UTC - HELPFUL
Rated by Participant: A15AF5ACC61CD7970101E6CF2335C3794D6C3000EB142FF90302AF847D55BF09
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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