Birdwatch Note Rating
2023-12-07 02:50:49 UTC - HELPFUL
Rated by Participant: 82A8D286036E5BA84DD3E98960AD2EA751C5C12AB51E5CB77B3CD56375A036B5
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