Birdwatch Archive

Birdwatch Note Rating

2023-03-18 22:15:44 UTC - NOT_HELPFUL

Rated by Participant: 7A19D249E82CFE1D6E9AB5B8A16EA33665A6257278C58061E253CB6BC5628BEF
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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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