Birdwatch Note Rating
2023-04-22 19:55:08 UTC - HELPFUL
Rated by Participant: D2A31FEC87D786AA44AA75DDF4BB89E6C5D083D33AA52B7D1BE6027E87E7FE57
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