Birdwatch Note Rating
2024-12-22 20:27:41 UTC - HELPFUL
Rated by Participant: C5241E8727ECD1F3713E17BBAF1827AA6802D27F12A544F3FD8224E6876C1C6E
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