Birdwatch Note Rating
2024-01-08 14:18:37 UTC - NOT_HELPFUL
Rated by Participant: ECD9A0BF08F257FE84E7E601D34AF5EF5D33F54D33C9DAE3636334B9CE15E692
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