Birdwatch Note Rating
2022-04-26 20:26:22 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 87C87E2381243E85AFF00A737F8FF6AA0EE64C1C924583BD3D9AD5CF327A2136
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