Birdwatch Note Rating
2024-03-09 15:08:26 UTC - HELPFUL
Rated by Participant: 08A3214649569AD7208AB41FE5663A408D41730927EA56DC42273404327122FA
Participant Details
Original Note:
It is unlikely any billionaire is currently paying less than 25%. The top tax rates are: Income from labor: 37% Income from stocks: 21% corporate income tax + 23.8% dividend/capital gain tax on the remainder (the combined rate is about 40%). https://www.irs.gov/filing/federal-income-tax-rates-and-brackets https://www.irs.gov/taxtopics/tc409 https://www.irs.gov/newsroom/questions-and-answers-on-the-net-investment-income-tax
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