Birdwatch Note Rating
2023-03-19 00:06:26 UTC - HELPFUL
Rated by Participant: A0D7554E2FCD9B10EA033B6FDBFF994D522A7AEDFEA734703D1CDEA3A7C5EF08
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