Birdwatch Note Rating
2024-10-21 13:45:19 UTC - HELPFUL
Rated by Participant: D66B99C5AF984FB8781103168BB8E5D9D094DE7ECEBA30A3674E3D0C1A8DCFA9
Participant Details
Original Note:
The U.S. does tax billionaires. In addition, shares are by definition unrealised gains hence a perceived low tax rate Actual tax rates are above 10% and at 25%+ for the highest earners with Capital gains tax https://states.aarp.org/california/state-tax-guide https://www.politifact.com/factchecks/2024/jan/26/joe-biden/president-joe-biden-distorts-income-tax-rates-for/ https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates#:~:text=Long%2Dterm%20capital%20gains%20are,income%20exceeds%20a%20certain%20limit.
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