Birdwatch Note Rating
2022-04-26 22:55:40 UTC - NOT_HELPFUL
Rated by Participant: EEA39E8B4AB1BEFA47B775A2CE4DCDDD073841F27C81F5E281FC7C6F7F045296
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