Birdwatch Note Rating
2023-03-18 20:58:44 UTC - SOMEWHAT_HELPFUL
Rated by Participant: B5C5E835BD7F380CD3B9046F2157DFB2E24162CCA39A0B519A7EE6A496469944
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