Birdwatch Archive

Birdwatch Note Rating

2024-04-30 19:19:16 UTC - NOT_HELPFUL

Rated by Participant: F08682FCFF1BBCEC25842D79EA90518E6B74A73D9381DA65FCCBF26BED4AFD0C
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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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