Birdwatch Note Rating
2023-04-24 03:34:26 UTC - NOT_HELPFUL
Rated by Participant: 7DAF7E766C91C4681BD9E35A65ED1244CD021FD7E551BF6AB85D6DF31D7EAC10
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