Birdwatch Note Rating
2024-12-21 10:35:13 UTC - HELPFUL
Rated by Participant: 50312AB7030844A21ED2BD747E49D0AEC6E56A2D96C9D7ADA681788C46FCBDA4
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