Birdwatch Note Rating
2023-10-09 01:42:35 UTC - NOT_HELPFUL
Rated by Participant: 73CC88725E3A9521BD27D5CD67AA0C2B92248819648110CC63CC8FB4CDB7BCA3
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