Birdwatch Note Rating
2023-12-07 02:59:43 UTC - HELPFUL
Rated by Participant: 3F550557B0F9A7A5D23F4CB3E09F53BED131DC97B2457C19D382686493D774CC
Participant Details
Original Note:
Debt forgiveness counts as income https://www.law.cornell.edu/uscode/text/26/61# "(11)Income from discharge of indebtedness" Effectively Biden isn't forgiving anything, he's calling in everyone's debts. https://www.irs.gov/payments/accuracy-related-penalty Failure to report income or pay the required taxes under the US tax code carries heavy penalties.
All Note Details