Birdwatch Note Rating
2022-04-26 16:34:42 UTC - HELPFUL
Rated by Participant: 2F09072BCA549A54686F4BF19B1DFEC40ABB0DFBF1A4292911209E0DA8A6D67E
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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