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#1
November 4th 05, 07:10 PM
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GA's "fair share"
"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. Mike MU-2 
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#2
November 4th 05, 07:22 PM
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GA's
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?
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#3
November 4th 05, 08:19 PM
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GA's
"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? Chances are that I paid more in income tax last year than Delta.
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#4
November 4th 05, 09:10 PM
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GA's
What the ????? There is no income tax on general aviation. Maybe you
mean the personal income tax, which everyone pays? Did you full up your tank with Avgas paid for with money found in the street? -Robert
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#5
November 4th 05, 09:27 PM
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GA's
by "Robert M. Gary" Nov 4, 2005 at 01:10 PM
What the ????? There is no income tax on general aviation. Maybe you mean the personal income tax, which everyone pays? Did you full up your tank with Avgas paid for with money found in the street? -Robert" What the.... Uh. No. I use 93 octane, unleaded, in my car. When I restart my training ( I decided to go with the Cessna over the Piper) I'll use Avgas. I haven't found any money on the street recently. If I do, I suppose I could spend it on gasoline.
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#6
November 5th 05, 02:06 AM
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GA's
Uh. No. I use 93 octane, unleaded, in my car.
Then you probably paid income tax on the money you used to buy gas. The airlines don't, its a deductible expense. Nothing wrong with that but the point is that its an extra tax revenue generated by GA pilots.
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#7
November 5th 05, 01:02 AM
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GA's
"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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#8
November 6th 05, 01:35 AM
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GA's
Airlines that make money pay income tax.
Mike Schumann "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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#9
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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#10
November 7th 05, 01:18 AM
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GA's
"Mike Rapoport" wrote:
Airlines that make money pay income tax. Mike Schumann No they don't Southwest's SEC Form 10-K says they have been paying an income tax. Fred F.
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