Birdwatch Note Rating
2024-01-09 16:48:30 UTC - NOT_HELPFUL
Rated by Participant: 4687D65F57204705E25FF04521F98E8925C5F9B9B5B50D47BAFF4EDA033A0C9E
Participant Details
Original Note:
Unrealized gains are not income or earnings, can not be spent, and are not guaranteed until they are realized, at which point they are taxed. Taxing unrealized gains is a widely discredited concept that many tax experts believe would be both impractical and ineffective. https://taxfoundation.org/blog/biden-billionaire-tax-unrealized-capital-gains/ https://www.wsj.com/articles/unrealized-capital-gains-often-become-losses-wealth-tax-redistributionists-sanders-innovation-profit-5268ead2 https://www.taxpolicycenter.org/taxvox/dont-try-mark-market-capital-gains-tax-unrealized-gains-death-instead
All Note Details