Birdwatch Note Rating
2023-10-09 14:35:42 UTC - HELPFUL
Rated by Participant: 247DA4110482119FBCB328E72175BCE23A33FC8E43AB466DCF734F6C0A206044
Participant Details
Original Note:
Biden is referring to an alternative minimum tax (AMT). An AMT requires people to include certain types of income that are exempt from the regular income tax and removes some exemptions and deductions. Even with a 25% tax rate, this could increase taxes for some billionaires. https://www.cbo.gov/publication/41810
All Note Details