Birdwatch Note Rating
2023-12-07 03:36:53 UTC - HELPFUL
Rated by Participant: CA16A8B6AE59F9E86E038235144B48542B89A582E53B80469781DDF11A394A54
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