Birdwatch Note Rating
2024-12-21 18:34:56 UTC - NOT_HELPFUL
Rated by Participant: 6F3E5B278D63DD3CE54F6FEF466DA19FD71A0780824A0BB21A4553C1ED47E5B9
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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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