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On Sun, 24 Jul 2011 18:51:36 -0400, Harryk
wrote:

On 7/24/11 6:42 PM, wrote:
On Sun, 24 Jul 2011 15:37:38 -0400, Wayne B
wrote:

Boats are a little different since they are
typically financed over a much shorter period of time and are a luxury
item with no overall benefit to society much as I hate to say it.

Unless you consider the people who build and maintain boats. We saw
this with the "luxury tax" a while ago. Boat builders laid off
thousands of workers.

The same could be said about the rapid depreciation rules on corporate
jets. It causes these planes to be turned over faster and helps the
aircraft builders.
It should also be noted, most of these small planes are not actually
owned by the fat cat corporations you think of. They belong to small
charter airlines and leasing companies.

We need to shut down corporate subsidies and corporate welfare. The only
tax breaks a business should get should be directly related to the
hiring of people in the United States.

Exactly. I'm sure it's fun to worry about the poor rich people and
multi-million dollar corps who will have to spend a few more dollars
to buy another jet.