Birdwatch Note Rating
2023-03-19 16:04:58 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 09AD03E8BFB2E459CD7A69D3D2ADA597CC20BF6C121A28A1524AE6A4FC3ABE53
Participant Details
Original Note:
This claim has been repeatedly assessed as inaccurate. It relies on a theoretical calculation that treats unrealized capital gains (increase in the value of unsold stocks) as income even though current tax law does not. (Taxes occur once stocks are sold for profit.) https://www.factcheck.org/2023/02/bidens-tax-rate-comparison-for-billionaires-and-schoolteachers/ https://www.politifact.com/factchecks/2022/jul/13/joe-biden/joe-bidens-dubious-math-federal-income-tax-burden/ https://www.cnn.com/2023/02/17/politics/biden-economy-facts-first/index.html
All Note Details