Birdwatch Note Rating
2024-04-30 20:42:07 UTC - NOT_HELPFUL
Rated by Participant: 15580BA7C36D356987FBD072D95DF81A5131AB62E89319E2587E0C5FD0E45228
Participant Details
Original Note:
The proposed 25% tax on unrealized gains only applies to individuals with wealth greater than $100 million. The 44.6% capital gains rate would only apply to individuals with both (1) annual income greater than $1 million and (2) annual investment income greater than $400k. https://taxfoundation.org/research/all/federal/biden-budget-2025-tax-proposals/ https://www.brightonsecurities.com/blog/biden-capital-gains-proposal-of-446-what-you-need-to-know
All Note Details