Birdwatch Note Rating
2023-12-01 01:12:40 UTC - HELPFUL
Rated by Participant: 4D80EFA5EA553B4C24CD34D4E3162CB4B51C32F0991D40F32F87E525BB4F3BD0
Participant Details
Original Note:
An individual's net worth is not currently taxable in the United States. Income is taxable and net worth is not included in the definition of income under the Internal Revenue Code. Billionaires generally do not have taxable income in the billions of dollars annually. https://www.law.cornell.edu/uscode/text/26/61
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