Birdwatch Note Rating
2023-04-22 22:55:19 UTC - HELPFUL
Rated by Participant: 671FDC0EBC9A3C15EE15A742BD734EEE896D5A897800AE8170FF82FDF1632658
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