Birdwatch Note Rating
2023-03-19 01:52:32 UTC - HELPFUL
Rated by Participant: 5DD804D4C44FA9809DE8A802089F2DF99FF0935F033DA56E035F3E0D17DE2EF3
Participant Details
Original Note:
The image includes a misstated figure of 3% rather than the Whitehouse’s own calculation of 8.2%. The 8.2% figure counts unrealized gains on the theoretical market value of assets. Billionaires do often benefit from unrealized gains, and loopholes like basis step-up exist. https://www.factcheck.org/2023/02/bidens-tax-rate-comparison-for-billionaires-and-schoolteachers/
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