Birdwatch Note Rating
2024-10-14 10:15:54 UTC - NOT_HELPFUL
Rated by Participant: BCF2898DE7DD049D7681B9BBA66F72D508D240B81043EE2F737C314864152D21
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