Birdwatch Note Rating
2024-12-22 19:23:25 UTC - HELPFUL
Rated by Participant: 6336544A8EF73D797092AD95DFF8D49ACB1E9B995759DA355E8A17E548C345C8
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