Originally Posted by
iceman49
The great thing is that the taxpayer subsidizes the business travel of these high value customers through business deductions.
While left-wing talking points are cute, calling asset depreciation a "taxpayer subsidy" is blatant ignorance at its very worst.
You
do realize that Delta gets to depreciate their aircraft for tax purposes much like a corporation gets to depreciate its aircraft...right? The difference is airlines have a 7 year depreciation schedule and business aircraft are on a 5 year depreciation schedule.
Or that just a couple months before his "taxpayer subsidizes for private jets" speech Obama himself signed an economic stimulus bill into law that provides 100% "bonus" depreciation in tax year 2010 for, among other things, aircraft purchased and put into service this year...because bonus depreciation has historically proven to generate capital spending by businesses which helps the economy. Meaning Obama was for "taxpayer subsidizes for private jets" before he was against them.
Facts sure are stubborn things...