Birdwatch Note Rating
2024-04-30 19:42:51 UTC - NOT_HELPFUL
Rated by Participant: 75BFE02E14FB8544BA4A0A0292B2CA8A3781E1CF93C8F14F3E0090196A418539
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