Posted on February 17th, 2019
A story by the Associated Press published yesterday says that a group of private business jet operators is suing the Internal Revenue Service for $643 million, saying the government wrongly applied a ticket tax meant for commercial passengers only. The lawsuit in U.S. District Court in Columbus by four Ohio-based subsidiaries of Columbus-based NetJets Inc. says the ticket…
Posted on February 12th, 2019
President Obama, Democrats in Congress, and Obama’s billioinaire fundraiser Warren Buffett are talking this week about a tax hike proposal that is mostly about politics, but meanwhile, the IRS just issued guidance on changing tax law in a way that is mostly about increasing profits for corporate-jet owners and Obama’s billionaire fundraiser Warren Buffett, who…
