Birdwatch Note Rating
2023-03-18 20:48:38 UTC - HELPFUL
Rated by Participant: 9FA73324D689E52D8DF307100AAC1C6EC7401FD133B00DDA6399E1840583BC1F
Participant Details
Original Note:
The proposed comments miss two key points which are explained in the links. First, while direct income is taxed at 25%, many wealthy folks don't get paid by salary. Second, while gains on bank accounts are taxable unrealized gains on stocks are not, which gives 8%, not 3%. https://www.politifact.com/factchecks/2022/jul/13/joe-biden/joe-bidens-dubious-math-federal-income-tax-burden/
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