Birdwatch Note Rating
2023-03-20 17:54:30 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 4D1159DD7EC34D1C299A3FD86343D374F64B5D16CB3695DF9F637E2483CCEB92
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