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?
It's even worse than that. Our elected and appointed officials reimburse the federal government full coach fare for the time they use federally operated jets for personal use. That angers me more than Tiger Woods getting a tax break for the purchase of a GV.