Birdwatch Note Rating
2024-01-08 22:59:03 UTC - NOT_HELPFUL
Rated by Participant: 973ABC93DB5CF1ACA8D8CF23E72CE4D1119DA5ABAE8E2B0F19A0510D58B5368E
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