Birdwatch Note Rating
2023-02-11 04:31:49 UTC - HELPFUL
Rated by Participant: F69F2549B58ACD296B2457D21D2B400BCD1B183A912EFC99369BA3AD3C17DDB0
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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