Birdwatch Note Rating
2023-02-11 01:27:30 UTC - HELPFUL
Rated by Participant: C54A3F4040D49A685924C224D84238B8E5766FD815F64526E9000A1828D12829
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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