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But if you own it, you get to write off its deprecation, maintenance, etc on your taxes!
by mikeocool 2y ago
But if you own it, you get to write off its deprecation, maintenance, etc on your taxes!
- votepaunchy 2y agoAs does the Charter company. What is your point?
- mikeocool 2y agoIf I’m a billionaire, I’d rather have the tax write off and own the jet, even though I probably ultimately would save money by chartering. Also who wants to sit in a jet seat that someone else has sat in. Gross.
- paulryanrogers 2y ago> Also who wants to sit in a jet seat that someone else has sat in. Gross. It's a finite world and we all share it. You're going to be drinking water someone else drank and breathing air someone else breathed. Cleaning is cheaper than making something unique to everyone of the eight billion people in the planet. If everyone lived like spoiled billionaires the world would be a hell scape within a month, just based on air quality.
- autoexec 2y agoSo buy a chartered plane company. No one will know which airborne plane in your fleet is yours or if you're even in the air and you get the tax write offs plus the profits from the company.
- JumpCrisscross 2y ago> if you own it, you get to write off its deprecation, maintenance, etc on your taxes! This is true of any capital asset. Broadly speaking, buying crap you don't need because you think it's a tax deal is a hobbyhorse of the middle class. Not the wealthy.
- woleium 2y agoexcept motor vehicles (in many tax jurisdictions)