Birdwatch Note Rating
2023-03-19 05:25:12 UTC - HELPFUL
Rated by Participant: BEE8A850CB91328648199F505964191B0A752B7305CFCFE9E13522318DE18C9A
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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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