Birdwatch Note Rating
2024-12-21 14:27:41 UTC - HELPFUL
Rated by Participant: 52E475C75BA2BCC26AE114C53CC21FDF35EB1D50B068F3D6FA469C1B7FFB4B24
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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