Birdwatch Archive

Birdwatch Note Rating

2024-12-22 07:50:16 UTC - NOT_HELPFUL

Rated by Participant: A7978F7A7AC5A3CC8B03A265CCF8826F8E37886A0882138342A82B197F2D4EEA
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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Original Tweet

All Information

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