Birdwatch Note Rating
2024-05-01 02:21:46 UTC - HELPFUL
Rated by Participant: C2E80CB1CBF172F08F0A4FA10997345A9AC78BB83A6C4D1ED9E134B6FA7A866E
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