Birdwatch Note Rating
2023-10-09 12:38:26 UTC - HELPFUL
Rated by Participant: D4CD0B3E0974176E01DADBF06E052D97125FF4976E30B61492D56FAB4F470F1C
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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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