Birdwatch Note Rating
2023-03-18 23:30:27 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 7B0AA313D2C205A8DCE18CE09257AFF0B86C822AB550F8F5BF8B5F4605DA7DD5
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