Birdwatch Note Rating
2024-12-22 15:17:20 UTC - HELPFUL
Rated by Participant: E546F472A11458A06C63E8CD8344EF18CBEC6A296EB9C0A9D8AC2E0D81752743
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