Birdwatch Archive

Birdwatch Note Rating

2023-03-18 21:00:15 UTC - HELPFUL

Rated by Participant: 863B31489FC7ACF5C26B592FC157DC6836D9053E875D896EF3A34F94798270A7
Participant Details

Original Note:

The average effective federal tax rate for billionaires is 8.2%. Biden’s figure include unrealized gains on assets. Federal law does not classify unrealized gains as income and it is not taxed. It is likely that such a tax would be unconstitutional. https://www.whitehouse.gov/omb/briefing-room/2021/09/23/new-omb-cea-report-billionaires-pay-an-average-federal-individual-income-tax-rate-of-just-8-2/ https://www.aier.org/article/the-unconstitutional-tax-on-unrealized-capital-gains/amp/

All Note Details

Original Tweet

All Information

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  • helpfulnessLevel - HELPFUL
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  • ratingsId - 1637195375042764805863B31489FC7ACF5C26B592FC157DC6836D9053E875D896EF3A34F94798270A7