Birdwatch Note Rating
2023-02-11 03:19:38 UTC - HELPFUL
Rated by Participant: DC510CCD89A035A7FF6A5E1E77AF5F29343FD1C09CD1018EEE227A2F99F3FFAE
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