Birdwatch Note Rating
2024-07-09 18:29:05 UTC - NOT_HELPFUL
Rated by Participant: 3C62BB4F0996F2357305729CEFC4C7DEC87AD044065FDEEF817BC47E28686547
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