Birdwatch Archive

Birdwatch Note Rating

2024-05-01 06:09:41 UTC - NOT_HELPFUL

Rated by Participant: F01268394BD2BC81038937106B076B8C4EC2C88AB0A6437BD872E81B12BE1ECC
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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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