Birdwatch Note Rating
2023-09-15 16:56:06 UTC - HELPFUL
Rated by Participant: 77651EC615D41FD8D0988A19E921C409FF526197F36BC9627010B91BC4AB96C8
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