Birdwatch Note Rating
2023-04-22 16:58:00 UTC - HELPFUL
Rated by Participant: 2EBC43B631653F4C5E06EA85FAE00261343984083696E6C2C96DD6771DAF2289
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