Birdwatch Note Rating
2023-02-11 02:11:57 UTC - NOT_HELPFUL
Rated by Participant: E9EE0EBEACD030DD0EB9F05ADFE1911B8436D0F8E326D19A360AF81B33780222
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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