Birdwatch Note Rating
2023-02-21 18:00:34 UTC - HELPFUL
Rated by Participant: 2B4F5EF6A1E855952F19F983FBDF8F6CE83C78146C76D159ADB3002B50ACCA58
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