Birdwatch Note Rating
2022-04-26 17:05:31 UTC - HELPFUL
Rated by Participant: 16EAC5ECF76031569A955043EC4DBEA50AC659CD1878D63E1D9E5C8637AB7579
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