Birdwatch Note Rating
2023-02-19 06:46:56 UTC - HELPFUL
Rated by Participant: 0393AEB005B78A7C3E41AA387239A0D35AF2293D6038279787427810655BCB8B
Participant Details
Original Note:
Biden’s 8% tax statement comes from a theoretical calculation that would include unrealized capital gains (increase in the value of unsold stocks) as income even though it isn't taxable under existing federal law. (Taxes legally occur when stocks are sold for profit.) https://www.cnn.com/2023/02/17/politics/biden-economy-facts-first/index.html https://www.politifact.com/factchecks/2022/jul/13/joe-biden/joe-bidens-dubious-math-federal-income-tax-burden/ https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/
All Note Details