Birdwatch Note Rating
2023-02-11 03:16:33 UTC - NOT_HELPFUL
Rated by Participant: E6014CA5DD49D4436AA22DD513A064EF18829F8FBE7F916BEB0955848436627A
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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