Birdwatch Note Rating
2024-12-21 11:17:49 UTC - NOT_HELPFUL
Rated by Participant: 5199D0BE585C1106B711260E8EF04683479C0D57337E5C5ED433E6F72097D6E0
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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