Birdwatch Note Rating
2024-03-08 21:06:28 UTC - HELPFUL
Rated by Participant: E59FCC0E98CE69D0B1C1177B995C948B75E7AE9D1C5A6E6585712AD3C9CDED14
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