Birdwatch Note Rating
2023-02-11 03:01:55 UTC - SOMEWHAT_HELPFUL
Rated by Participant: BA60304A9D275E142811E82853E9E044B394B07218EA74B33EDCF507BE850607
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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