3 Responses

  1. SadStateofOurCountry
    SadStateofOurCountry at |

    Unfortunately the ignorant imbeciles trump deplorables don’t have the cognitive capacity to understand that they shot themselves in the foot by voting for them and will be the ones paying the price forever.

  2. Corey
    Corey at |

    This isn’t quite as bad as it sounds – read the whole thing.

    The excise tax applies to commercial transportation, not personally flown aircraft. So it’s never been a question that someone who owns and operates their own airplane isn’t commercially providing transportation and wouldn’t pay the excise tax (how would you calculate it anyway?) The confusion arises when someone (a company or individual) owns an aircraft but then pays a management company to handle maintenance, pilots, scheduling, etc. Is the management company commercially providing transportation to the aircraft owner? The IRS initially decided yes, and audited a bunch of these companies, but then in 2012, stopped collecting the tax pending further guidance. The proposed law just makes this clear.

    At least, that’s how I understand it – happy to be proven wrong though.