Birdwatch Archive

Birdwatch Note Rating

2023-03-16 22:43:38 UTC - HELPFUL

Rated by Participant: A7B6F2CEFDC6C20DCF74E8FB24F2253E328C3224EC6B0FA953D181B7CFDC78EA
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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