Birdwatch Note Rating
2022-04-26 18:58:49 UTC - HELPFUL
Rated by Participant: 207E903A729B5E2C3834F677113369E0BC8EFAC459320FD009F7D545B1FB75DF
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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