Birdwatch Note Rating
2024-07-09 17:29:26 UTC - NOT_HELPFUL
Rated by Participant: 6B1B728B4D13508358263B447E479C78E6A1A29D0CE1734158A75D2D56AD0AEE
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
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