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Ultra-Wealthy Private Flyers Are Costing Average Flyers a Lot in Taxes

By Owen Galvez
Published in Financial Planning
May 01, 2023
1 min read
Ultra-Wealthy Private Flyers Are Costing Average Flyers a Lot in Taxes

So, I read this wild article about how the ultra-rich private flyers are screwing over the rest of us in terms of taxes. Basically, these super wealthy folks are flying around in their fancy private jets, which are exempt from a lot of taxes and fees that commercial airlines have to pay. And because they’re not paying those taxes and fees, the rest of us are getting hit with higher prices and fees to make up for it. I mean, I get wanting to live that private jet life, but come on, do they really need to avoid taxes on their luxury plane just because they can?

Anyway, according to the article, the private jet industry has been growing steadily over the past decade or so, which means more and more of these ultra-wealthy types are flying around tax-free. And it’s not just about the prices we’re paying on our own flights – it also affects things like infrastructure and job growth in the aviation industry. Apparently, the taxes and fees that commercial airlines have to pay go towards improving airports and air traffic control systems, as well as creating jobs in those areas. So, when private jets don’t have to pay those same taxes and fees, it puts a strain on those resources and slows down the growth of the industry.

Honestly, I’m not surprised that the ultra-rich are finding yet another way to shift the burden onto the rest of us. But it does kind of suck that we’re all paying more so they can fly around in their gold-plated planes. I mean, is it too much to ask for everyone to pay their fair share, even if they’re mega-rich?

All in all, I think this article is really important because it sheds light on yet another way the wealth gap is affecting us all. It’s not just about billionaires avoiding taxes on their income – it’s also about how their extravagant lifestyles are impacting the rest of us in ways we might not even realize. So, the next time you’re stuck with a high airline fee or wondering why your local airport isn’t upgrading its facilities, you can thank those ultra-wealthy private flyers for it.


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