the thing about private aircraft tax deductions it's really not a simple as it used to be to write off the entire airplane. I used to have to keep a log of who had been on the jet and why and hand it over to aviation tax attorneys to do a bunch of calculations on. There was also a question about whether you had active or passive income and that determined if you could write it off and when they made that change a whole lot of owners lost the ability to write their jets off. Pardon me though, im trying to remember back six years ago on this stuff.

Don't forget you do pay a lot in property taxes on multi million dollar jets and in Florida it's really expensive. So much so they record how long private jets remain in Florida and if it hits a threshold they come after you for property taxes even if the airplane is not based there.

But ending the tax write off, which I understand completely is tough to accept, would probably shut down Gulfstream, Cessna, Piper, Learjet, Beechcraft/Hawker, Bombardier and a lot of other manufacturers over night as well as their vendors and suppliers, maintenance providers and so on. There might still be jets, but rarely would they be new. It could happen, but I think it would create a loss in taxes paid to the government and not an increase.