Birdwatch Note Rating
2024-04-30 21:21:34 UTC - HELPFUL
Rated by Participant: 4FC8986D23DA0652CD0D1AF8BBF673B3E6875CEEC2B834653EF5D2C591638305
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
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