Birdwatch Note Rating
2023-03-19 01:00:49 UTC - HELPFUL
Rated by Participant: F60D7253D4280CC8F6DACACD559E1B3186C5017DD7315048D69D68AE62669633
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/
All Note Details