Birdwatch Note Rating
2023-02-11 13:44:34 UTC - NOT_HELPFUL
Rated by Participant: A30E23B01F927C4387616E33DE422C96B4F9A9B45B8ACA619267391F3D77B5A8
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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