Birdwatch Note Rating
2024-03-09 01:32:44 UTC - NOT_HELPFUL
Rated by Participant: EFFC6A9F9A5342A646DC6FA0E1DEF34A9210DBF5770728A8EC648F7D124882A8
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