Birdwatch Note Rating
2023-03-18 22:58:47 UTC - HELPFUL
Rated by Participant: 56C695E95DFD6AE8546EA9DC7EAF5C4A23CFFAF4692C95FD07798890479B4CBA
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