Birdwatch Archive

Birdwatch Note Rating

2023-02-19 11:53:32 UTC - HELPFUL

Rated by Participant: 7B8151DDEAEE0B3AB41384B87ABCC8A3AC96D2B87A21DA9961BCB4D9C9C7A411
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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