Birdwatch Note Rating
2024-04-26 06:50:54 UTC - NOT_HELPFUL
Rated by Participant: 3A68A8DE5A493915E102DF9E803C261A3F465B67F522A33F68EAD2D9179B98AC
Participant Details
Original Note:
The proposal imposes a 25% minimum tax on total income with wealth exceeding $100,000,000. The proposal applies to income from unrealized capital gains and would function as a pre-payment of the tax that would ultimately be owed when the gain is recognized at sale or death. https://www.americanprogress.org/article/biden-tax-proposals-would-correct-inequities-created-by-trump-tax-cuts-and-raise-additional-revenues/
All Note Details