Birdwatch Note Rating
2024-12-21 09:49:49 UTC - NOT_HELPFUL
Rated by Participant: 419951B7CBE01B37E826C4B837DE961C2222A9209D49663A57DCE9D240F21D88
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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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