Birdwatch Note Rating
2023-04-20 03:25:06 UTC - NOT_HELPFUL
Rated by Participant: 4925154CF19127CD6A17B4EBF809DE0B5EB80FBF206A3CF66F2D9E8B4AC5B69C
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