How would Biden's "Billionaire Minimum Income Tax" work?

Mar 29, 2022 View Original Article
  • Bias Rating

    -16% Somewhat Liberal

  • Reliability

    N/AN/A

  • Policy Leaning

    22% Somewhat Conservative

  • Politician Portrayal

    N/A

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

N/A

  •   Conservative
SentenceSentimentBias
"If they sell the stock immediately, the heirs pay tax on any profit they earn above the $175 per share price, not the $1 price paid by woman who bought the stock years earlier."
Positive
0% Conservative
"According to the Treasury Department, payments would be treated as a prepayment that would be credited against taxes paid at a later date on unrealized capital gains; in other words, those wealthy families wouldn't be taxed twice because the tax would act like an advance against future capital gains taxes triggered when they sell stock or other assets."
Negative
-10% Liberal
"Each year about 160 million families file taxes with the IRS, which means this tax would impact about 0.01"
Negative
-12% Liberal
"Those ideas were floated in order to pay for Mr. Biden's domestic spending plans, such as the Build Back Better Act."
Positive
16% Conservative
"President Biden said Monday he wants to introduce a new tax levied on the wealthiest families in U.S."
Positive
12% Conservative
"Mr. Biden's budget blueprint projects new revenue from sources such as the wealth tax would lead to lower federal deficits, more money for police, and greater funding for education, public health and housing."
Positive
2% Conservative
"The Biden administration is projecting that the tax would raise $361 billion over 10 years."
Negative
-6% Liberal
"Last fall, for example, Senate Finance Committee Chairman Ron Wyden of Oregon unveiled his billionaires income tax."
Negative
-10% Liberal
"Basically, families worth at least $100 million would be assessed on whether they are paying a tax rate of at least 20"
Negative
-12% Liberal

Extremely
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Center

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Moderately
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Conservative

-100%
Liberal

100%
Conservative

Contributing sentiments towards policy:

50% : If they sell the stock immediately, the heirs pay tax on any profit they earn above the $175 per share price, not the $1 price paid by woman who bought the stock years earlier.
45% : According to the Treasury Department, payments would be treated as a prepayment that would be credited against taxes paid at a later date on unrealized capital gains; in other words, those wealthy families wouldn't be taxed twice because the tax would act like an advance against future capital gains taxes triggered when they sell stock or other assets.
44% : Each year about 160 million families file taxes with the IRS, which means this tax would impact about 0.01% of all Americans.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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