Birdwatch Note Rating
2023-09-15 11:48:30 UTC - NOT_HELPFUL
Rated by Participant: C47938A965CE9C60B2F6D2D9F1B46B7028A6F0A4558B4E689BB04525ED3ACA8E
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