Birdwatch Note Rating
2023-04-23 17:34:25 UTC - NOT_HELPFUL
Rated by Participant: C16B073EC43CC71A2CE839D50E2D9BF9C9DED633BCF14A1226E9F7A501073EFB
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