Birdwatch Note Rating
2023-02-19 15:31:53 UTC - HELPFUL
Rated by Participant: 4E425930E31A9F5D8FE5D2DDA53D1FC294B9F0EC61A76915C93C3DACBA077324
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