Birdwatch Note Rating
2023-02-11 11:15:44 UTC - NOT_HELPFUL
Rated by Participant: F8B81E955EF9BA106BFDC0CC6CD1783A9B1D07327D05E156F1436EC8C000B7DB
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/
All Note Details