Birdwatch Note Rating
2022-04-26 18:32:06 UTC - HELPFUL
Rated by Participant: 2A48C08E876C2626E86DB504D53A44F1E3350871DECC372A4FA03CE2E80F0169
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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