Birdwatch Note Rating
2023-02-11 04:10:34 UTC - NOT_HELPFUL
Rated by Participant: A31C876D1664F230376A925B0CADAA60B26F7563630DF4574D77CC4E5BDE1183
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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