Birdwatch Archive

Birdwatch Note Rating

2024-04-26 05:36:05 UTC - NOT_HELPFUL

Rated by Participant: A6AE74543C374C2A50E33BA6DD1BFF33663AC034BA252934ABA960B75B25C9EF
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/

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All Information

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