Does firm Aviation Get Tax Breaks It Doesn't Deserve?

Does firm Aviation Get Tax Breaks It Doesn't Deserve?

Aviation Accident Attorney - Does firm Aviation Get Tax Breaks It Doesn't Deserve?

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As a young man, I started out washing aircraft, and ultimately I started an aircraft finders business, where I brokered aircraft. Occasionally, we would sell aircraft to habitancy who would lease them back to the flight school, and use them as a company tax right off, only so they could afford an airplane. Most of these habitancy never made much if any money on the aircraft they bought for leaseback, but at least they were able to buy an airplane, and afforded it due to the tax savings.

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Aviation Accident Attorney

Indeed, had those individuals not bought those airplanes, and not leased them back, then there wouldn't be new aircraft for pupil pilots to learn how to fly. Some say that the depreciation schedules and tax laws surrounding normal aviation are not fair, and they say that it is a rich person's tax dodge. But is that truly a fair assessment? In knowing all that I do about normal aviation, and company aircraft, I'd say it truly isn't.

I would also submit to you that the presume normal aviation aircraft cost so much is because of all the lawsuits, and over regulation in this sector. If we got rid of all the lawyers suing over done products liability after each and every aircraft accident, from 'ambulance chasing' type attorneys, then truly we could lower the cost of the aircraft, help the industry, and there would be no need to allow for accelerated depreciation schedules.

Merely because the aircraft wouldn't cost as much, and they would be worth more after a few years if the owner decided to sell that aircraft. Attacking normal aviation is truly a ploy, and it is throwing a wedge between the rich and poor. Looks to me as if it is all about podium pushing political rhetoric, dog and pony shows, and class warfare in the midst of a presidential re-election campaign.

Last month there was a very inviting article in Aviation Maintenance Technology published on June 30, 2011 titled; "General Aviation Manufacturers And Aerospace Workers talk To President Obama's charge On Industry," and the article discussed the outrage and anger of the "General Aviation Manufacturers association (Gama) and the International association of Machinists and Aerospace Workers (Iamaw)," as they are livid over the Obama Administration's comments about the need to convert tax law and depreciation schedules for normal aviation aircraft purchases, apparently to help shore up the Federal Government's budget challenges. The article stated that the changes would

"..negatively impact the whole normal aviation industry, and Obama's comments were ill-informed comment of corporate jets and company aviation, and while it may appear to some as good politics, the reality is that it hurts one of the prominent manufacturing and export industries in the United States. This kind of comment has also led to the layoff of over 20,000 Iam members."

Now then, we can't blame anyone for being upset with what happened, nor should any apology be thorough from any backtracking politician for development such disparaging comments about normal aviation. It is unfortunate that at this juncture we would particular out normal aviation tax depreciation schedules, as our government is wildly subsidizing, supporting, and funding alternative energy projects which are highly unreliable.

Sometimes politics is a rotten way to run such a great civilization, and it's undoubtedly a horrible way to run normal aviation. truly I hope you will please reconsider all this and think on it.

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