Birdwatch Note Rating
2024-12-21 15:27:12 UTC - HELPFUL
Rated by Participant: 2F8981FA555CB26EAA3356690D85843E984449EC8B12728E17A98A8C815DF8A6
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