Birdwatch Note Rating
2024-12-22 02:23:47 UTC - HELPFUL
Rated by Participant: AE95AD51EAE671D905E2600DBD2430EB0BD6D58DD2B0681CAA6886ECB84203F4
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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