Birdwatch Archive

Birdwatch Note Rating

2024-01-08 06:29:00 UTC - HELPFUL

Rated by Participant: A6AE74543C374C2A50E33BA6DD1BFF33663AC034BA252934ABA960B75B25C9EF
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

Original Tweet

All Information

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  • version - 2
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  • disagree - 0
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  • helpfulnessLevel - HELPFUL
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  • ratingsId - 1744122081380282648A6AE74543C374C2A50E33BA6DD1BFF33663AC034BA252934ABA960B75B25C9EF