Birdwatch Note Rating
2023-02-18 15:56:37 UTC - NOT_HELPFUL
Rated by Participant: 9B61D6B654BC9EF37573559884BB650034FA541C57BCFB4758BDC4DDFE49FA97
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