Birdwatch Note Rating
2024-03-12 16:23:49 UTC - NOT_HELPFUL
Rated by Participant: 738CB6D2ACB719FA92A2F3AE10C0410F626BA4E0B9E51D56697EFA0CAB9900C8
Participant Details
Original Note:
The Federal Rate on investment income of 44.6% would only apply to those with an income of over $400,000. https://www.cato.org/blog/8-biggest-tax-increases-bidens-budget Bloomberg specifies “the richest taxpayers would pay a 44.6% federal rate on investment income and other earnings” https://www.bloomberg.com/news/articles/2024-03-11/capital-gains-hikes-at-center-of-biden-s-second-term-tax-agenda
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