Birdwatch Note Rating
2023-04-23 02:50:47 UTC - HELPFUL
Rated by Participant: DDC8C86C4D65033A28163006E7F53CCB050163C3EDC6BA1A1C75C8640FB870E2
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