Originally Posted by
Wasatch Phantom
I've been bothered by the tax deductibility of private jets for a long time. In fact it really p*sses me off.
Why should Tiger Woods (for example) get to deduct the cost of flying around in a Gulfstream? He should be able to deduct the cost of a full fare coach ticket. If he wants to fly any thing else: Great he can deduct the full coach fare, and pay the difference out of pocket.
Why should the US taxpayers subsidize the lifestyles of the uber-rich?
Why, pray tell, should 'home-renters' subsidize the lifestyles of 'uber-rich home owners' by allowing tax deductions of home mortgage interest payments? I'd be careful about where you want to give the IRS guys a hatchet approach to revenue. You (we) may not like what they carve out. There are a few things that the government actually does pretty well. Our ATC system has it's fraud/abuse issues, but user fees is not the answer.
Respectfully,