Wednesday, September 28, 2011

Fly the friendly skies of taxation in the nation...

"Last week, the White House proposed a new round of taxation on airlines to help reduce the deficit. The new plan would impose a $100 fee each time a commercial or private jet takes off. It would also raise the per-passenger security fee from $2.50 for each leg of a flight to $5. This fee would rise $0.50 per year from 2013 to 2017. The airline industry estimates taxes represent 20% of the cost of an airline ticket.

"This is going to hit the middle class right in the pocketbook," said Charles Leocha, the head of advocacy group Consumer Travel Alliance." - from the current number of a financial newsletter - The Legendary

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