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Birdwatch Note Rating

2023-03-19 18:40:10 UTC - HELPFUL

Rated by Participant: 2EA148F918ECED71FB2524E011A745DB06A9965369A525F45A0113357458CA25
Participant Details

Original Note:

The 3% number Biden is referring to is based on a value increase of held investments (not on their income). However, these investments can also lose value which why they are taxed when sold and become income. Calculating on that, the avg tax rate for them is 25%, not 3. https://www.politifact.com/factchecks/2022/jul/13/joe-biden/joe-bidens-dubious-math-federal-income-tax-burden/

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All Information

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