Birdwatch Note Rating
2024-12-21 23:03:51 UTC - NOT_HELPFUL
Rated by Participant: 886C2F49F4BD37328CE63F2DE8B1E38DA8832594CF11C9F3C9A8DC85B9287A32
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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