Birdwatch Note Rating
2023-02-28 19:06:58 UTC - NOT_HELPFUL
Rated by Participant: 58C70D2D877142FB9593551D3C482517586B35635FD65DAED0753A1C813F523C
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