Birdwatch Note Rating
2022-04-30 19:26:25 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 227B72516F48209D4CD398BD566B39A53B64980200BCA4A4C749072F49AA8384
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