Birdwatch Note Rating
2023-12-01 00:45:52 UTC - HELPFUL
Rated by Participant: C8468270FD5B1F2819E50FA2F3E8106CF11A4BB406B7FF273A9905A260B2CCA3
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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