Birdwatch Note Rating
2024-03-08 21:14:16 UTC - HELPFUL
Rated by Participant: 1D9B99EB0B7005287B5997D2E23ED1C523FFA3656F17DC77615ACCDFF6B1CAAC
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
All Note Details