Birdwatch Note Rating
2024-12-21 07:52:03 UTC - HELPFUL
Rated by Participant: 7FE113E93AAE5DE7AA222BC07D04C02E4704FABB477CB9A447D6222E723D44D5
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