Birdwatch Note
2024-11-25 15:54:44 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING
The $71 billion figure overstates the amount of religious income. The $71 billion is GROSS income, not net income. Churches have expenses. https://lawprofessors.typepad.com/nonprofit/2012/11/a-71-billion-tax-break-for-churches-no-way.html#:~:text=Dr.%20Cragun%20gets,on%20net%20income https://www.investopedia.com/ask/answers/101314/what-are-differences-between-gross-profit-and-net-income.asp Gifts generally don't count as income. https://lawprofessors.typepad.com/nonprofit/2012/11/a-71-billion-tax-break-for-churches-no-way.html#:~:text=Under%20current%20law,income%2C%20as%20well https://www.law.cornell.edu/uscode/text/26/102#:~:text=Gross%20income%20does%20not%20include%20the%20value%20of%20property%20acquired%20by%20gift%2C%20bequest%2C%20devise%2C%20or%20inheritance The property tax portion is inaccurate. https://lawprofessors.typepad.com/nonprofit/2012/11/a-71-billion-tax-break-for-churches-no-way.html#:~:text=the%20largest%20chunk,is%20pure%20speculation
Written by 3081CC1AF08CF496B9AC7BE8C8BDF1108C753934F06590D79355F31A9D98239B
Participant Details
Original Tweet
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All Information
- ID - 1861076058038268333
- noteId - 1861076058038268333
- participantId -
- noteAuthorParticipantId - 3081CC1AF08CF496B9AC7BE8C8BDF1108C753934F06590D79355F31A9D98239B Participant Details
- createdAtMillis - 1732550084014
- tweetId - 1860634612730331171
- classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
- believable -
- harmful -
- validationDifficulty -
- misleadingOther - 0
- misleadingFactualError - 1
- misleadingManipulatedMedia - 0
- misleadingOutdatedInformation - 0
- misleadingMissingImportantContext - 1
- misleadingUnverifiedClaimAsFact - 0
- misleadingSatire - 0
- notMisleadingOther - 0
- notMisleadingFactuallyCorrect - 0
- notMisleadingOutdatedButNotWhenWritten - 0
- notMisleadingClearlySatire - 0
- notMisleadingPersonalOpinion - 0
- trustworthySources - 1
- summary
- The $71 billion figure overstates the amount of religious income. The $71 billion is GROSS income, not net income. Churches have expenses. https://lawprofessors.typepad.com/nonprofit/2012/11/a-71-billion-tax-break-for-churches-no-way.html#:~:text=Dr.%20Cragun%20gets,on%20net%20income https://www.investopedia.com/ask/answers/101314/what-are-differences-between-gross-profit-and-net-income.asp Gifts generally don't count as income. https://lawprofessors.typepad.com/nonprofit/2012/11/a-71-billion-tax-break-for-churches-no-way.html#:~:text=Under%20current%20law,income%2C%20as%20well https://www.law.cornell.edu/uscode/text/26/102#:~:text=Gross%20income%20does%20not%20include%20the%20value%20of%20property%20acquired%20by%20gift%2C%20bequest%2C%20devise%2C%20or%20inheritance The property tax portion is inaccurate. https://lawprofessors.typepad.com/nonprofit/2012/11/a-71-billion-tax-break-for-churches-no-way.html#:~:text=the%20largest%20chunk,is%20pure%20speculation
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