Birdwatch Note Rating
2023-09-15 13:37:15 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 61C76868FDB5ADA45C0EB3B2D14716D58303FA98D74B93AE0BFEDC3E2AB62F73
Participant Details
Original Note:
The 8% tax statement comes from a theoretical calculation that includes unrealized capital gains (increase in the value of unsold stocks) as income even though it isn't taxable under existing federal law. (Taxes legally occur when stocks are sold for 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 https://twitter.com/JoeBiden/status/1673353683524804613 https://twitter.com/POTUS/status/1626950664067719168
All Note Details