Birdwatch Note Rating
2023-10-09 17:03:59 UTC - HELPFUL
Rated by Participant: 4C1FC0069FBF74E234E33180518EFD8A8DDED355F3FA7D7100932D07DD08338D
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Original Note:
Notes pointing to high income tax rates ignore the fact that many billionaires derive their wealth through capital gains, which is taxed at a much lower rate (e.g. when selling a company or stock). Other billionaires use loopholes to avoid paying tax on billions. One example: https://www.nbcnews.com/tech/tech-news/billionaire-investor-peter-thiel
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