Birdwatch Archive

Birdwatch Note Rating

2023-04-23 12:15:41 UTC - HELPFUL

Rated by Participant: 71E4B1CE7D2AD906955F4275551C73F907D163CC0984B66206346628282244E9
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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