Birdwatch Note Rating
2024-07-09 21:40:29 UTC - HELPFUL
Rated by Participant: 5E997399D021F30D1AA2A693F70E3CA7324110B9D59C2A13193E9C77AF303DE4
Participant Details
Original Note:
The US taxes income and capital gains on investment. The US doesn't directly tax wealth, changes in net worth or unrealized gains. https://www.investopedia.com/terms/c/capital_gains_tax.asp Many people in the US pay low or zero tax rates every year because they had little or no income or capital gains in the year. https://www.cnbc.com/2022/10/28/more-than-40percent-of-us-households-will-owe-no-federal-income-tax-for-2022.html
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