Birdwatch Note Rating
2023-02-11 08:41:18 UTC - NOT_HELPFUL
Rated by Participant: DAE8BFCD9E84CE8003E70259FFFB6E73FA1F6676EFD0CB0E4830F142D02D5965
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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