Birdwatch Note Rating
2024-12-22 12:44:34 UTC - NOT_HELPFUL
Rated by Participant: 7115D7B7C36E69245BAD19B4E5BBC1A07DFE0A155A7E1F56E76315B44DCD85D5
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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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