Prepare to pay it or avoid the tax?
Edit: no shock to anyone it's how to avoid paying the tax. Use an airport outside the scope of the tex, register the plane outside the state, or charter a flight so you don't directly pay it.
Prepare to pay it or avoid the tax?
Edit: no shock to anyone it's how to avoid paying the tax. Use an airport outside the scope of the tex, register the plane outside the state, or charter a flight so you don't directly pay it.
Oh no my private... Wait, I don't have a jet. And if I did, I could afford a tax.
This whole article just reads like a deaf man who can’t hear the woosh of a falling guillotine blade.
Oh no, not my private jet…
"Your" private jet
I both love and hate it when Fortune forgets that The Poors can read their garbage too 😄
Nice of him to include tax evasion strategies right in the communique to his socioeconomic classmates.
This is tax avoidance, not tax evasion. The goal is to avoid owing taxes, not to avoid paying taxes owed.
To the lowly taxpayer, it all looks the same, that they refuse to pay their fair share, but legally there's a pretty big difference.
"tax evasion strategy" is also inconvenient so it's like a congestion charge. There are other options if you want to use them, or pay a charge.
Good.
I'm stuck using paper straws all so some cunt can fly in private luxury?
Just do it and shut up. Talk about something else. How are the bees doing this season?
Better! They figured out a vaccine for the virus that has been causing the majority of bee colony collapse and we’ve been seeing huge turnarounds. They treated them in my area and they have been flourishing this year, it’s been a huge relief to see them in healthy numbers again.
No fucking way, that’s badass! That brings me pure joy. Thank you for sharing that. Going to look for an article that covers this, curious how certain areas are recovering. Here in New York there’s a decent size group who been working really hard supporting the bees.
99% of the people think "good!". The other 1% have the power to make this go away.
I almost fainted, then re-read the header and saw shey will tax my jet, so I got relief. I thought they would be taxing my yatch!
Mamdami should be president
They are scared. Good.
What Smart Operators Are Doing Now
- Charter, don’t own — for New York trips. Ownership-based taxes require an owner. Charter clients flying on a per-trip basis have structural insulation from registration, basing, and ownership surcharges.
- Move your aircraft out of New York. If your aircraft is currently based or registered in New York State, that is your single largest exposure point. Florida, Pennsylvania, and New Hampshire are the most common rebasing destinations. Act before the rule is written.
- Know your airports. Teterboro (TEB) remains operationally superior but are Port Authority facilities and therefore in scope. Westchester (HPN) is the most insulated option available.
- Watch Albany, not just City Hall. Mamdani’s ability to implement airport-level taxes requires coordination with Governor Hochul and the New Jersey governor’s office. Monitor state budget negotiations closely.
This article really is written for the 1%.
It's written for the 1 percent but about 25 percent will gobble it down like a delicious boot
This makes me wonder why they would even have a 'magazine' that ultimately caters to such a small portion of people, surely they dont make money from ad revenue from people who dont really spend money the way we do?
Wouldnt they be better off having a highly exclusive member-only news site tailored for the top 5% which is subscription based and they just charge some bullshit price thats completely immaterial to their clients (but prohibitive to anyone un-intened) like $200k per year for access.
Having said this i also have no idea if this is already a thing, there literally could be something of this calibre where they have articles on the best tax havens and ads for private jets while us poors would never even know of their existence.
We need to find cheap and easy ways for everyday people to build MANPAD's explicitly to shoot down private jets. Make it so that pilots won't want to fly them, and the rich will be too scared
Ahh yes. The “Lemmy” users with private jets.
Huge cross-over in that Venn diagram 🙄
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