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By: 27th April 2008 at 10:28 Permalink - Edited 1st January 1970 at 01:00
-Something similar has happened in the UK where operators of GA turbines have suddenly faced a huge tax increase on anything that is not business related.
My friend with a Jet Ranger is spitting feathers.
Moggy
By: 27th April 2008 at 14:59 Permalink - Edited 1st January 1970 at 01:00
-A G550 burns a little less than 3000 lbs. per hour at cruise. The tax increase would cost the operator $63 per hour more. Nothing that the owner of a G550 is going to be concerned about.
By: 27th April 2008 at 15:25 Permalink - Edited 1st January 1970 at 01:00
-But people with that sort of money are the ones who complain the loudest usually, us mere mortals grin and bear it knowing that we've got no choice. We know that nothing we say or do will change anything.
By: 27th April 2008 at 16:06 Permalink - Edited 1st January 1970 at 01:00
-Not in my experience. It's the common folk who are the loudest opponents to the small flucuations in fuel/food/etc. prices. The folks who are blasting around the sky in personal jets aren't in as much touch with these changes.
By: 2nd May 2008 at 18:22 Permalink - Edited 1st January 1970 at 01:00
-I wonder exactly how the bill is written?
If it's just "turbines" as Moggy says the UK law is written, it would effect far more than just the bizjet guys with top of the line Gulfstreams.
Remember, most US bizjets are far down the scale, not that they couldn't afford more taxes, but it would effect a small firm with a Caition, one of the new VLJs, or old Lear (some sell for less than a most new 4 seat piston GA aircraft) more.
I hope someone in D.C. remembers...
Most AG aircraft are turbines...
as are all Medevac helicopters
and many bush planes and most firefighters...
not to mention the few non-business GA guys with turbine "toys".
Hardly the "fat cat" rich guys the bill was meant to target.
Posts: 459
By: Flying-A - 26th April 2008 at 23:08
From Bloomberg News (yes, the same Bloomberg as the NYC mayor):
Well, they say that the rain falls on everyone. And as J.P. Morgan said of his yacht Corsair, if you have to know how much it costs, you can't afford it.