Birdwatch Archive

Birdwatch Note Rating

2023-03-16 19:53:24 UTC - HELPFUL

Rated by Participant: DF3275D114336130D2D9F0AA4B91FC89E4DFB0B95268F9CC3D29B02EF3CEF2A1
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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