Birdwatch Note Rating
2024-04-25 05:31:00 UTC - HELPFUL
Rated by Participant: 4B2BE72EB0366DB0F16D3B21C88FCE0B9AAAD4867CB1F9CC0725538A695C03CD
Participant Details
Original Note:
Both of these items are merely proposals, not policy. The 44.6% rate is the MARGINAL rate above $400,000 for LONG TERM capital gains, this is not equivalent to a 44.6% rate. The 25% proposal on unrealized gains only applies to those with over $100m, and can be given back. https://www.pgpf.org/blog/2024/04/president-bidens-budget-calls-for-raising-43-trillion-in-revenues-over-ten-years-heres-how https://www.forbes.com/newsletters/andrewleahey/2024/04/24/biden-capital-gains-rate-proposal-446/?sh=2f4b14081ff6
All Note Details