Birdwatch Note Rating
2023-03-19 00:18:14 UTC - HELPFUL
Rated by Participant: B03DEBDABB76C212273A2027AF218425662AC51534B9EB940FA4DDF2355757D4
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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