Birdwatch Note Rating
2024-07-09 22:10:09 UTC - NOT_HELPFUL
Rated by Participant: 1873891AB708452199A91483D1720A6ACF80142D9072A8B968FEB0B3C9CF96C5
Participant Details
Original Note:
In the United States, taxes are paid based on income, which derives from things like salaries and the sale of assets, not on net worth. If and when Musk sells his assets which increase in value from when he acquired them, he will pay capital gains tax on the increased value. https://www.investopedia.com/terms/w/wealth-tax.asp
All Note Details