Birdwatch Note Rating
2023-12-08 00:25:39 UTC - HELPFUL
Rated by Participant: DFFA949F81AE93DDECCA49312B220D9959EB577DBE47F3BEE07A849387788E6F
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