Birdwatch Archive

Birdwatch Note Rating

2023-02-18 16:53:00 UTC - HELPFUL

Rated by Participant: 079104CB745F36445B7A18A45B6FF77B51DD21B3E8B6A78C89AFB46446F0CFB4
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

Original Tweet

All Information

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