Birdwatch Note Rating
2023-02-11 02:14:45 UTC - NOT_HELPFUL
Rated by Participant: D287309DB6C629A2D1D248BA2242A598689120340706CEFA26C27AF0D183F0EB
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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