Birdwatch Note Rating
2023-02-11 04:22:03 UTC - NOT_HELPFUL
Rated by Participant: D4CED98866A8C40AA19F63B54D6E6684BA017428028C07F46F6F4CA14FC52481
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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