Birdwatch Archive

Birdwatch Note Rating

2023-02-19 02:52:02 UTC - HELPFUL

Rated by Participant: DAAE9EB701F2E814699DD1B76CC9F6F136DE9993DA35EA5578163D2DC0D0CAED
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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