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Old 03-06-2013 | 06:44 AM
  #124791  
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Originally Posted by FIIGMO
Exempt any recip. under 12.5k. Anything bigger is used as a biz tax write-off anyway. Any GA taxes under that will be costly! Just ask a Canadian how much a touch and go costs!!!
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?
Old 03-06-2013 | 06:45 AM
  #124792  
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Originally Posted by The Cavalier
I see a lot on that list that should have closed a long time ago. Shut them down and bring on the GA IFR user fees I say.
my understanding is there are a good number of airports to do not need their control towers and they should probably be shut down. if that is true that I don't have a problem having them shut down.

as to user fees I think that is just a bad idea and a lot of propaganda by the airlines. They already have to fuel tax in place and it works and increasing it would be very simple. a fuel tax does a lot to promote trading in old airplanes for more efficient ones which is to me a form of stimulus. A user fee does a lot to denigrate safety.

As to Netjets and Mr Warren I Want To Pay More Taxes Buffett, this is something I chuckle at:

Warren Buffett's Company NetJets Sued For Millions In Unpaid Taxes

Seems he doesn't really want to pay more taxes after all.
Old 03-06-2013 | 06:46 AM
  #124793  
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Originally Posted by Wasatch Phantom
Why should the US taxpayers subsidize the lifestyles of the uber-rich?
It's pretty simple - private jet manufacturers pushed for this tax break. Just like Boeing pushed for renewal of the Import-Export Bank to fund cheap loans for international competitors.
Old 03-06-2013 | 06:50 AM
  #124794  
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Originally Posted by forgot to bid
Seems he doesn't really want to pay more taxes after all.
He doesn't want to pay those taxes. He just makes a national appeal for the rich to pay more taxes to appeal to the current occupant of the White House which will yield a "quid pro quo" for him & his companies.

If a Republican Administration were in power he'd back their plan for the same reasons.
Old 03-06-2013 | 06:50 AM
  #124795  
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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,
Old 03-06-2013 | 06:51 AM
  #124796  
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great perspective:



Cheers
George
Old 03-06-2013 | 06:54 AM
  #124797  
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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?
With that, I agree, however, why should the owner of a $500K home be able to deduct the mortgage interest (from someone who can't afford one and is only able to deduct interest on a $75K house?).
Old 03-06-2013 | 06:56 AM
  #124798  
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Originally Posted by chuck416
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,
Yep-I wrote almost the same thing at the same time. I can't wait to see his response.
Old 03-06-2013 | 07:03 AM
  #124799  
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Originally Posted by Columbia
With that, I agree, however, why should the owner of a $500K home be able to deduct the mortgage interest (from someone who can't afford one and is only able to deduct interest on a $75K house?).
Get rid of all the deductions and do a "Fair Tax", standard 10-15% across the board, or do a Value Added Tax or National Sales Tax which would equally tax consumption.
Old 03-06-2013 | 07:05 AM
  #124800  
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From: MD musical chairs
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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.
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