Birdwatch Archive

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2023-10-09 01:54:10 UTC - NOT_HELPFUL

Rated by Participant: C8FD890ACCEE7FECEC4520F0E62CD97F8908DF0C210FB6D615394D4EF673E56F
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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All Information

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