Birdwatch Note Rating
2024-12-21 19:46:23 UTC - HELPFUL
Rated by Participant: 60A9F0D978387C248E21BDE0A0F2DA9D408E44BFC6052091F88AB993636AFA8D
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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