Birdwatch Note Rating
2023-12-03 02:06:13 UTC - HELPFUL
Rated by Participant: B4689431091BD6B502EC5CBAE3AB9EFE2DBA0F6B0A82AE1E595D705036AFB0C4
Participant Details
Original Note:
People earning more than ~580k/yr, including billionaires, are already taxed at 37% (fed) + state. https://smartasset.com/taxes/current-federal-income-tax-brackets The new 25% tax is targeting "unrealized gains", meaning the value of your stocks/assets. But until you sell them you're only virtually wealthy. https://www.coloradopolitics.com/colorado-in-dc/democrats-introduce-billionaires-tax-on-unrealized-capital-gains/article_56a8405c-8fc1-11ee-9ac9-9f55995fd541.html
All Note Details