Birdwatch Note Rating
2024-12-21 19:42:35 UTC - HELPFUL
Rated by Participant: 2A2B22150A22A3B1BB514C6A67E76D838F57C81907A78600A6A40CC21BF9B36D
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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.
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