Birdwatch Note Rating
2024-12-21 17:24:40 UTC - HELPFUL
Rated by Participant: 104AD3919BFE45ADADAF818DE61BA33F4CF6577D9D36F9184F2296C9A01A7E64
Participant Details
Original Note:
Billionaires can't write off the full cost of jets/yachts. They're depreciated over years per IRS rules. https://www.irs.gov/publications/p946 Teachers have a $300 deduction cap for class supplies, but can itemize more if they exceed this. https://www.irs.gov/taxtopics/tc458 This doesn't fully depict an oligarchy; tax laws are complex for both.
All Note Details