Birdwatch Note Rating
2022-04-30 19:26:25 UTC - SOMEWHAT_HELPFUL
Rated by Participant: A1A809266041BBD8E0AD4F46D56DB77E556FB68EDABC68F8F46AF69B2CB3F75C
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