Birdwatch Note Rating
2024-12-21 09:01:42 UTC - HELPFUL
Rated by Participant: EB94EE0D249EEC31B15667BB0349FCC925140D3F880B0C73FA12AA85F802E1EB
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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