Birdwatch Archive

Birdwatch Note Rating

2023-04-23 14:44:33 UTC - HELPFUL

Rated by Participant: 27C627DF7951836AB82AB9A9A8ED31806D42C7E69D2AF7E5DFB5ED2F00C88959
Participant Details

Original Note:

Biden’s 8% tax rate claim comes from a theoretical calculation that included unrealized capital gains (increase in the value of unsold stocks) as income, which does NOT align with US tax laws. In reality, tax liability occurs once stocks are sold for actual profit. https://www.politifact.com/factchecks/2022/jul/13/joe-biden/joe-bidens-dubious-math-federal-income-tax-burden/ https://www.factcheck.org/2023/02/bidens-tax-rate-comparison-for-billionaires-and-schoolteachers/ https://www.cnn.com/2023/02/17/politics/biden-economy-facts-first/index.html#:~:text=billionaires%20and%20taxes

All Note Details

Original Tweet

All Information

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