Birdwatch Note Rating
2024-12-22 04:25:13 UTC - HELPFUL
Rated by Participant: 36580994992EC71BF6BA97A0C1B4083641426E8945C9C2B24A3CBEEEC64274D8
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.
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