Birdwatch Note Rating
2024-07-09 17:18:51 UTC - NOT_HELPFUL
Rated by Participant: 9692357929540D5E7A923D6ABA7F8E2FB4E51D5FBAEE8D584B35B667111BFAB1
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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