Birdwatch Note Rating
2024-12-21 11:45:10 UTC - HELPFUL
Rated by Participant: 48B4B37C7F49D62E01FA065E54BC8A5B00CF769B2DF5EA9D6356116B5FF15123
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