Birdwatch Note Rating
2023-02-11 04:22:03 UTC - NOT_HELPFUL
Rated by Participant: E892E912CE2444178CA94BC2D009C06E39DD606D01CD630DD9B51EB7AF454B67
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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