Birdwatch Note Rating
2023-02-11 14:19:21 UTC - HELPFUL
Rated by Participant: F84750B2C2A0916992270B9ECEFB102695A95465CCFB3825153914DBB6F08EF0
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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