Birdwatch Note Rating
2024-04-26 12:16:20 UTC - NOT_HELPFUL
Rated by Participant: 51386C77E15C92D53B18A8D5D3F0B9A79B353ED59065CB99E74CBD370F49907B
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