Birdwatch Note Rating
2024-12-21 17:45:32 UTC - NOT_HELPFUL
Rated by Participant: 75C575DC22ECB434CC6E9DC1EAE202243BD32912EEA52EA4F7073D7A8FCC0176
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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