Birdwatch Note Rating
2024-10-14 11:23:02 UTC - NOT_HELPFUL
Rated by Participant: E5765EF17F5808617D8FF0FD3AA30408D2E19AC081327D4B950016F7C38DAFE3
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