Monday, November 20, 2017

Get A Jet

previous post: Gross Mountain



  1. The Beast Among Us

    Probably because if you throw your school supplies into the side of a cliff, you’ll still live.

  2. You might. But your kids will never learn how to fly a plane.

  3. whycantiusemyemailaddress

    This is simply not true.

    The rich will not be able to deduct their private jets. That was never part of the bill. From Wikipedia:
    Exempts private jet management companies from the 7.5% federal excise tax that is levied on each ticket sales of commercial flights.[21][22][23]

    One earlier version of the bill eliminated the $250 deduction teachers could use for school expenses. But the standard deduction was doubled. So basically the vast majority of teachers wouldn’t *have* to itemize their deductions. I don’t know how well you understand tax policy, but in case you don’t know much, most teachers would much prefer both $6,350 more in automatic deductions and lose that itemized $250 deduction than the current system.
    But this is moot, because as the Senate bill stands, not only can teachers deduct their supplies, but the amount has been doubled to $500.

    Lamebook’s bias often so clear and ugly.

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