Birdwatch Note Rating
2023-02-11 14:15:16 UTC - SOMEWHAT_HELPFUL
Rated by Participant: F1D67D5B0F8E25197719AF5F81FF3B9DEDC2F30761B70367ADA9AB431FB38592
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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