View Single Post
  #49  
Old June 25th 07, 08:51 PM posted to rec.aviation.piloting
Neil Gould
external usenet poster
 
Posts: 723
Default Even Less Gloom?

Recently, Jose posted:

Could that possibly be due to your not deriving any income from your
flying activities on which you pay taxes?


It could be. I have my own business too and am familiar with tax
rules. However, I also know that with the right setup (and Jay
certainly has the right setup) one can excercise considerable
discretion as to how one allocates "business purpose" and how much
"ancillary pleasure" one can derive at government expense through
that allocation.

I also am self-employed ("celebrating" my 30th year this summer), and am
familiar with the tax code. In my experience, while there are some savings
from deducting travel expenses, it's unlikely that I could justify flying
on that basis alone.

Perhaps I could become the "flying tutor" and get the government to
pay for some spectacular cross country trips. And even get money
back for my "tax loss".

Well, if your students are spread around, you may be able to recover some
of your costs. OTOH, it might be interesting if you are a tutor of
geography or, better, cartography! ;-)

Neil