Birdwatch Note Rating
2023-08-22 13:11:34 UTC - HELPFUL
Rated by Participant: 5D997D6A7C4200DFDDD265025651EDAF2B40022777FD32231AD265C598546CDF
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Original Note:
NNN. The post refers to the effective tax rate, not the actual tax rate. For rental income, the effective tax rate can be much lower than that on earned income due to the application of tax reliefs and allowable deductions made before tax is calculated. https://www.investopedia.com/ask/answers/102714/how-are-effective-tax-rates-calculated-income-statements.asp
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