Private Jets Ownership Now Tax-Advantaged
Why the Big Beautiful Bill’s Private Aircraft Subsidy is the Green Light for a New Era of Travel — And How Boomerang is Making It Happen
Private aircraft ownership has never been more achievable – and now is the time to act. With Donald Trump’s landmark Big Beautiful Bill ushering in unprecedented
It’s bonus depreciaton, not expenses, and it’s a business tax benefit, not an individual tax benefit.
Businesses can, and for a long time, have been able to deduct aircraft expenses. Nothing has changed there, and it’s not unique to this turd of a president. The return of bonus depreciation lets them depreciate faster, but again, depreciation is not new. It’s reasonable to removed about that, but you have to get every fact wrong to make that complaint.
And let me tell you how this works with cars. With planes it is the same, except that the savings are even better.
A real rich person owns no cars. He owns a car sales company. That company has a few select cars, which the rich person can “test drive” whenever they like. If the prime time of a car is over, the car is sold and a new one is bought. The car sales company pays for everything: purchase, insurance, taxes, fuel, cleaning, etc. Of course, this company does not make any profits. On the contrary. So the rich person pays for these losses, and those payments are tax deductable.
It’s bonus depreciaton, not expenses, and it’s a business tax benefit, not an individual tax benefit.
Businesses can, and for a long time, have been able to deduct aircraft expenses. Nothing has changed there, and it’s not unique to this turd of a president. The return of bonus depreciation lets them depreciate faster, but again, depreciation is not new. It’s reasonable to removed about that, but you have to get every fact wrong to make that complaint.
And let me tell you how this works with cars. With planes it is the same, except that the savings are even better.
A real rich person owns no cars. He owns a car sales company. That company has a few select cars, which the rich person can “test drive” whenever they like. If the prime time of a car is over, the car is sold and a new one is bought. The car sales company pays for everything: purchase, insurance, taxes, fuel, cleaning, etc. Of course, this company does not make any profits. On the contrary. So the rich person pays for these losses, and those payments are tax deductable.