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Fri Sep 14, 2018, 09:55 AM

Tax Change Helps Executives Afford Pricier Planes

The goal of every Republican politician, tax breaks for the rich.

Jet sales soar as business owners take advantage of new tax write-off

By Rachel Feintzeig
Sept. 12, 2018 10:51 a.m. ET

The recent changes to the tax code are giving business executives a new perk: the opportunity to deduct the entirety of a corporate-jet purchase.

President Trump signed more than 100 changes to the U.S. tax code into law at the end of last year. Among them: The price of a new or used airplane purchased by a company can be a 100% write-off against its earnings.

That is a major change. Before, buyers of new planes could generally deduct at least 50% of the cost of an aircraft in the first year. Buyers of used airplanes had to take those deductions more slowly.

https://www.wsj.com/articles/tax-change-helps-executives-afford-pricier-planes-1536763868

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Reply Tax Change Helps Executives Afford Pricier Planes (Original post)
BeckyDem Sep 14 OP
democratisphere Sep 14 #1
BeckyDem Sep 14 #2
Frustratedlady Sep 14 #3

Response to BeckyDem (Original post)

Fri Sep 14, 2018, 09:59 AM

1. So important to make sure the wealthiest stay that way at all costs.

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Response to democratisphere (Reply #1)

Fri Sep 14, 2018, 10:01 AM

2. Republicans have the greed gene. Stupid gene too.

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Response to BeckyDem (Original post)

Fri Sep 14, 2018, 10:02 AM

3. If you aren't pissed yet, you should be!

What has he missed? I'm sure he is trying to pass as many tax cuts as he can before he's frog-marched to prison.

Maybe he'll propose a new prison for former federal employees complete with game rooms, dining rooms and king sized beds for king-wannabes.


Might as well shoot for the moon.

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