Road Bump in Buying a Plane - No Place to Put It

StraightnLevel said:
It comes from the tax code. 37% is the highest statutory marginal rate.
Click to expand...
Bingo.
StraightnLevel said:
You might want to consider that many of the people on this site personally pay those higher tax rates
Click to expand...
Bingo.

I think some people don't know what a deduction is, and think it is subtracted from taxes paid, rather than from taxable income.
 
I'm feeling blessed. New pilot (but not young), bought a vintage 1956 C172 last year. She's always been hangared. We've moved her around a few times, but always to get a better spot. Her new hangar is snug and unheated, but it's right at my home airport with two big beautiful runways. They say the waiting list is 2 years here, but they've just added some new, bigger hangars. East Texas has a lot of airports. I know that some of them will let you build your own hangar on their property. The GA community is friendly here.
 
You must log in or register to reply here.
Back
Top