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#11
November 7th 05, 01:07 AM
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GA's
"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 
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