Birdwatch Note Rating
2024-10-14 12:52:38 UTC - NOT_HELPFUL
Rated by Participant: 9804332D59F3FF674148944F8547C07BDF2AF904B8E0FC09B83DAA7545FA8FF1
Participant Details
Original Note:
The image says "$50,000 for Entrepreneurs to Start a New Business." The proposed deduction means $50k *would be deducted from the amount they owe tax on*. The average taxpayer paying a 22-24% marginal tax rate would save $11-12k, not $50k. Tax deduction explanation: https://www.irs.gov/credits-and-deductions-for-individuals
All Note Details