Birdwatch Note Rating
2023-04-23 17:02:35 UTC - HELPFUL
Rated by Participant: 03790869A3E5BF5A5EFB4EEBA6EE362F66814C2B9EAA1C1392E0E2F38A93BFFD
Participant Details
Original Note:
As described in the linked material, this claim is based on a "less common" definition of income that includes "unrealized" capital gains. Under current tax law, these investments are taxable at 20% in the year that they are sold, significantly above the 8.2% that is claimed. 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