Birdwatch Note Rating
2023-03-18 23:14:36 UTC - HELPFUL
Rated by Participant: 9F8AD9EBAE7FE2A26A9F7F5240367EA5B6C2324B1BE9C007FD9B81DBD93F11D9
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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