Tuesday, July 26, 2011

Airplane tax breaks and The West Wing

A good post over at NRO on the subject of private jet tax deductions.  The West Wing angle isn't really surprising as the show was an idealized version of a liberal administration.  No surprise either that the one we've been waiting for has turned out to be an ideologue. http://www.nationalreview.com/corner/272743/even-ithe-west-wingi-rejected-obamas-private-jet-meme-charlie-cooke

Of course the tax treatment on jets, which is really a determination of an appropriate amortization schedule, should be based on the asset and change only when the effective life of said asset changes. 

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