Birdwatch Note Rating
2024-07-10 16:06:36 UTC - HELPFUL
Rated by Participant: BD8F32680BCE92BBBF812B9BFE39E5853F59572EA4594FEACBC2CAF646583F2D
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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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