Birdwatch Note
2022-11-07 15:51:53 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING
While the Inflation Reduction Act reduces the number of large corporations that are non-payers of tax, its minimum tax applies to companies with $1 billion in annual income. Only 14 of the 55 largest U.S. companies that didn't pay tax in 2021 had that level of income. https://www.cnn.com/2022/11/05/politics/fact-check-biden-midterms-2022/index.html https://www.bakerinstitute.org/research/inflation-reduction-act-2022-corporate-minimum-tax-faces-major-issues
Written by EB1CA753192CAB8BB4C7140533CE1C71
Participant Details
Original Tweet
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All Information
- ID - 1589646829616271360
- noteId - 1589646829616271360
- participantId - EB1CA753192CAB8BB4C7140533CE1C71
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- createdAtMillis - 1667836313048
- tweetId - 1589422380740395009
- classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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- summary
- While the Inflation Reduction Act reduces the number of large corporations that are non-payers of tax, its minimum tax applies to companies with $1 billion in annual income. Only 14 of the 55 largest U.S. companies that didn't pay tax in 2021 had that level of income. https://www.cnn.com/2022/11/05/politics/fact-check-biden-midterms-2022/index.html https://www.bakerinstitute.org/research/inflation-reduction-act-2022-corporate-minimum-tax-faces-major-issues
Note Status History
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| 2022-11-07 15:51:53 UTC (1667836313048) |
1969-12-31 23:59:59 UTC (-1) |
1969-12-31 23:59:59 UTC (-1) |
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| 2022-11-07 15:51:53 UTC (1667836313048) |
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1969-12-31 23:59:59 UTC (-1) |
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