Finally! Do you have an idea how expensive those things are and how much my wage slaves must work for that?
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Deduct. And the USA is taking the world in completely the opposite direction from where it needs to go.
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I don't think that word means what you think it means.
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The law, in its majestic equality, allows rich and poor alike to deduct private jet expenses from their taxes.
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For example, a $3 million aircraft purchase – of America’s favorite business jet, the Pilatus PC‑12 – could potentially lower your tax liability by over $1 million if you’re in the 35 % bracket. This isn’t just savings; the Big Beautiful Bill private aircraft subsidy offers financial strategy at its finest. You can read more about the tax benefits of private aircraft ownership in our special report here.
Thanks magats
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YSK that eating the rich is a nutritious way to redistribute wealth
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It's bonus depreciaton, not expenses, and it's a business tax benefit, not an individual tax benefit.
Businesses can, and for a long time, have been able to deduct aircraft expenses. Nothing has changed there, and it's not unique to this turd of a president. The return of bonus depreciation lets them depreciate faster, but again, depreciation is not new. It's reasonable to removed about that, but you have to get every fact wrong to make that complaint.
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Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.
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You allowed this before proper health care because that's Socialism? Communism? Gay?
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Ah, and only 90% of gambling losses. Looks like another point against the poor.
Not that I’m condoning gambling, but, weird how those things impact polar opposite sides of the wealth gap.
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deduce private jet expenses
I can deduce it right from a receipt, if they give you one.
We couldve been a flight based country instead of cars if we went in another direction, when we had more pilots than planes
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Why not make it be for bicycle repairs instead?
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I am pretty sure this isn’t new. Air travel is like any other business travel expense, and plane are an expense like a plumbers van is..
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Kash Patel is gonna make a killing!
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