ClaimsRay Dalio

“And it will probably have something like 23% rate.”

Ray Dalio, Bridgewater founder, interviewee 12 September 2017 CNBC: Andrew Ross Sorkin Interviews Raymond Dalio (CNBC) archived copy

Prediction Economics and markets Political

The US corporate tax rate in the eventual tax legislation will probably be about 23%.

Mostly true True in substance, wrong in a detail.

Prediction: Statements about events outside the person's control, checked once they fell due: did they come true?

What would count as true or false

This concerns the federal statutory corporate income tax rate set by tax legislation enacted by the end of 2018. The claim is approximate ('something like 23%'). True: the enacted rate is 22% to 24%. Mostly true: 21% or 25%. Mostly false: 20% or 26%. False: any other rate, or no legislation changing the corporate rate was enacted by the end of 2018.

Set before the research began.

Evidence (1)

  1. E1 PURPOSE - Internal Revenue Service Internal Revenue Service (IRS Notice 2018-38, 2018 Fiscal-year Blended Tax Rates for Corporations)

    “Section 13001(a) of the Act amended § 11(b) of the Code to provide that the amount of tax imposed by § 11(a) shall be 21 percent of a corporation’s taxable income. Section 13001(c)(1) provides generally that this change in the tax rate for corporations is effective for taxable years beginning after December 31, 2017.”

Reasoning

IRS Notice 2018-38 [E1] states that Section 13001(a) of the Act amended § 11(b) of the Code to set the corporate tax at 21 percent of taxable income. The change applies to taxable years beginning after December 31, 2017, so the legislation was in force within the 2018 horizon. The criteria grade an enacted rate of 21% as mostly true, against the predicted rate of about 23%.

Cite this claim

Ray Dalio, “The US corporate tax rate in the eventual tax legislation will probably be about 23%.” (said 12 September 2017). Verdict: mostly true. Reliability API, claim c_3ad7ff136188, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_3ad7ff136188

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

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  3. Mostly true Prediction 16 August 2019
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  5. Resolved true Prediction 16 August 2019
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All of them

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