Birdwatch Note Rating
2024-12-23 00:19:02 UTC - HELPFUL
Rated by Participant: D502B11C4295AAC5C8A1799B2125853A86CF1E9A3110690AB9DA63948048F64F
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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