Birdwatch Note Rating
2024-12-21 16:45:26 UTC - HELPFUL
Rated by Participant: 7C19E1CB8782075CB25F2A286DD2E4A332D8BFD0226CA776ED3ADCA49C01A660
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