Birdwatch Note Rating
2023-02-11 02:19:42 UTC - HELPFUL
Rated by Participant: C10392D8E6FE1D14CAA6579FA486847D84EA682A51154FC225BB9C6D18148E19
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