Birdwatch Note Rating
2023-02-11 01:29:07 UTC - NOT_HELPFUL
Rated by Participant: E1B9FB1E6EE371404070BAC656E21414CFF8CC404571ABBA055642CBF66DC041
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