Birdwatch Note Rating
2023-02-11 14:24:14 UTC - NOT_HELPFUL
Rated by Participant: DDF63D495EFE231E98E52F620B3E5028F62EA52492E27FA9234507D0AAF642B8
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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