Birdwatch Note Rating
2023-12-01 11:17:00 UTC - HELPFUL
Rated by Participant: 6411705A5C55B5B105085C0A6DE362BCB800BF7BF59C0A3F855B1D4A8C60B0BE
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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