Birdwatch Note Rating
2022-04-26 16:51:40 UTC - HELPFUL
Rated by Participant: 039FD70A3BE0D8C6694FE4E6D9C60C0EF48EC85A3E5E85A040379E33DEE27918
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
All Note Details