Birdwatch Archive

Birdwatch Note Rating

2023-06-26 23:42:08 UTC - HELPFUL

Rated by Participant: 12685D513442E5B45A8D3E75A3D39EE68C03A2AE1280AA97E172656DCC87BA2D
Participant Details

Original Note:

The 8% figure cited by Biden is based on a non-standard income calculation that includes unrealized capital gains (increase in the value of unsold assets). Unrealized asset appreciation is not taxable under existing federal law, but is taxable when sold for profit. https://www.cnn.com/2023/02/17/politics/biden-economy-facts-first/index.html https://www.politifact.com/factchecks/2022/jul/13/joe-biden/joe-bidens-dubious-math-federal-income-tax-burden/ https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/

All Note Details

Original Tweet

All Information

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  • helpfulnessLevel - HELPFUL
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