Birdwatch Note Rating
2024-04-25 13:36:41 UTC - HELPFUL
Rated by Participant: ED228D730CB34BB7769E92F9A6C9BBD6981EDB68B8431EB14465842F8F42C884
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Original Note:
This claim is misleading. Biden's proposed unrealized gains tax targets households with over $100 million in wealth, affecting approximately 28,000 households, or 0.02% of the US population. It does not apply to typical investors. https://www.cnbc.com/2023/10/10/number-of-people-with-100-million-has-doubled-since-2003.html https://usafacts.org/data/topics/people-society/population-and-demographics/population-data/households/ https://www.pgpf.org/blog/2024/04/president-bidens-budget-calls-for-raising-43-trillion-in-revenues-over-ten-years-heres-how
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