Birdwatch Archive

Birdwatch Note Rating

2023-10-09 02:25:47 UTC - NOT_HELPFUL

Rated by Participant: E01D47679C519AA78F9C5B28B502938B05FC99BB4BC5D930E527B084095FE57F
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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