Birdwatch Note Rating
2024-12-21 10:08:59 UTC - NOT_HELPFUL
Rated by Participant: 7CFF23C7A3DF41773DFB13215DC144F34BCDDB9AFF05A1013F6835023EBDF145
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