Birdwatch Note Rating
2024-12-22 10:02:08 UTC - HELPFUL
Rated by Participant: 7BCE9F82ED3092328AF3E25421046F9909862733F677371F644995EA406B78C2
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