Birdwatch Archive

Birdwatch Note Rating

2024-05-02 16:41:21 UTC - NOT_HELPFUL

Rated by Participant: E2C81182BE04B669E3E79C8CA49B2F54BA38B66B463CEF1F7F7440D9BF5BE7CF
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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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Original Tweet

All Information

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