Birdwatch Note Rating
2022-04-27 01:58:13 UTC - HELPFUL
Rated by Participant: 00A5C9EBF7FD59793C88C763D13258E21997057AAF27F6160F1A2E9B4892E53D
Participant Details
Original Note:
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
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