Jet Breaks

Our current president, six times in a recent speech, complained about the tax breaks for private jets. The Internal Revenue Service rules are that if a person uses the jet for non-business purposes, then the person either must pay the organization the cost of the trip, or, if the organization agrees to pay, then the costs are imputed income for which the person must pay income taxes.

Whew, I would not want to be in the room when the White House tax person presents the bill for the first lady, her mother, niece, nephew, and two daughters, for their recent trip to South Africa when the president did not accompany them. Or the one for the campaign trip on Air Force One which the president took, the day after his speech, to Philadelphia. Since he has declared his candidacy, he should now divide his trips into ones as the president and personal ones as a candidate. The one to Philadelphia was the latter.

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