Birdwatch Note Rating
2023-02-11 02:56:27 UTC - HELPFUL
Rated by Participant: F1E690DACFA98DFB7A0AD274194E865735CB706FBA57EC73E8A95226614C69A1
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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