Birdwatch Note Rating
2023-04-20 02:29:58 UTC - NOT_HELPFUL
Rated by Participant: 45B8EF43682258D990F1C39DD9C1C131E030B7B116A1A874CAD37AED55F98C04
Participant Details
Original Note:
This claim has been repeatedly assessed as inaccurate. It relies on a theoretical calculation that treats unrealized capital gains (increase in the value of unsold stocks) as income even though current tax law does not. (Taxes occur once stocks are sold for profit.) https://www.politifact.com/factchecks/2022/jul/13/joe-biden/joe-bidens-dubious-math-federal-income-tax-burden/ https://www.cnn.com/2023/02/17/politics/biden-economy-facts-first/index.html#:~:text=billionaires%20and%20taxes https://www.factcheck.org/2023/02/bidens-tax-rate-comparison-for-billionaires-and-schoolteachers/
All Note Details