Birdwatch Note Rating
2023-02-11 14:51:27 UTC - NOT_HELPFUL
Rated by Participant: F41CDE38C353C92C9B8E94822FE7C6DCAD319BBA3DD23D3F3C43E4F62D9EDFF4
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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