Birdwatch Note Rating
2022-04-26 16:02:21 UTC - NOT_HELPFUL
Rated by Participant: B36992DC652FBD7E01FEF5C02B449D71BCA533C16F5CFC07266C2BC708965465
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