Birdwatch Archive

Birdwatch Note Rating

2023-03-16 23:34:02 UTC - HELPFUL

Rated by Participant: 7F31D4A409E6B258DD92C0A5C90B81C3571D9C7F1DF4DE8E6070259C8C409C5E
Participant Details

Original Note:

The 8% tax claim 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 now legally occur only 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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