Birdwatch Note Rating
2023-10-09 05:44:56 UTC - NOT_HELPFUL
Rated by Participant: AFCB2D2CD629CE84C0A08AE3922DFDBAAB6167CAD25C4EBCB1A44312FBE54A8E
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
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