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Birdwatch Note Rating

2023-10-09 01:17:02 UTC - HELPFUL

Rated by Participant: EB9F56036245DD1DF6AB1E1860760A04C6F96E1F8921F0A5A80020EAC47D7A70
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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