"Mike Schumann" wrote in message
ink.net...
Airlines that make money pay income tax.

Mike Schumann


No they don't

Mike
MU-2


"Mike Rapoport" wrote in message
news

"Skylune" wrote in message
lkaboutaviation.com...
by "Mike Rapoport" Nov 4, 2005 at 07:10 PM


"Skylune" wrote in message
lkaboutaviation.com...
Current contribution is shown below. Increased AVGAS tax rates or user
fees are a given!

http://www.house.gov/transportation/...04-05memo.html


GA is also the only user that pays income tax."

What the ????? There is no income tax on general aviation. Maybe
you
mean the personal income tax, which everyone pays?



Yes that is what I meant. The airlines pay no income taxes. They report
a tax liability under GAAP accounting but there is an adjustment in the
cash flow statement. I am all for user fees if it applies equally to
everyone for everything since my total tax bill would decline by a huge
percentage.

Mike
MU-2