Birdwatch Note Rating
2024-12-21 22:01:50 UTC - HELPFUL
Rated by Participant: 38FFB57701D2836420B61AD9C726B14604E6E2197C3FFE5D4444840F9D729D56
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