Birdwatch Archive

Birdwatch Note Rating

2023-03-19 11:28:37 UTC - HELPFUL

Rated by Participant: F713512AC9CC0E6E062ED11365C369D8C995257676E85A6C54A7084C5373F0B7
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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