Birdwatch Note
2022-04-26 15:14:11 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING
The denominator for the 3.27% tax rate includes unrealized capital gains. While they do represent wealth growth, capital gains are only legally required to be taxed in the U.S. when they are realized. Using only the denominator of taxable income, Musk's tax rate was ~27%. https://apnews.com/article/personal-taxes-business-ab6466a9dcc211907a753ccfb7660959
Written by 06C7B658C5B6735445616F768A6A8528
Participant Details
Original Tweet
Tweet embedding is no longer reliably available, due to the platform's instability (in terms of both technology and policy). If the Tweet still exists, you can view it here: https://twitter.com/foo_bar/status/1518688801756901376
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All Information
- ID - 1518971710275420161
- noteId - 1518971710275420161
- participantId - 06C7B658C5B6735445616F768A6A8528
- noteAuthorParticipantId -
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- tweetId - 1518688801756901376
- classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
- believable - BELIEVABLE_BY_MANY
- harmful - LITTLE_HARM
- validationDifficulty - CHALLENGING
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- summary
- The denominator for the 3.27% tax rate includes unrealized capital gains. While they do represent wealth growth, capital gains are only legally required to be taxed in the U.S. when they are realized. Using only the denominator of taxable income, Musk's tax rate was ~27%. https://apnews.com/article/personal-taxes-business-ab6466a9dcc211907a753ccfb7660959
Note Status History
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| 2022-04-26 15:14:11 UTC (1650986051516) |
1969-12-31 23:59:59 UTC (-1) |
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| 2022-04-26 15:14:11 UTC (1650986051516) |
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