“Bryan Riley, writing for The Daily Signal, tells us that the government’s cash register rings every time we step on a plane. According to Airlines for America, $61.49 of a $300 domestic round-trip ticket goes to federal government taxes. That’s almost as much as fuel ($63.47) and more than labor ($51.52). Other expenses total $123.11, leaving 41 cents for profits. That’s right: Uncle Sam takes 20% off the top, while only 0.1% drops to the bottom line. And by the way, that doesn’t include taxes on payroll or jet fuel. What’s worse than a government picking your pocket? Two governments picking your pocket, as they do for international flights.”
http://www.caseyresearch.com/articles/the-airlines-work-for-uncle-sam
Related posts:
Wisconsin: Increased Penalties for Marijuana Possession Sought
Court Eases Prosecutors’ Burden of Proof in Leak Cases
NFL, 4,500 players reach $765 million settlement in concussion lawsuits
Rep holds up vodka and steak on House floor to shame food stamp opponents
Native American Student Denied High School Diploma For Wearing Tribal Feather
Gold And Silver Safe Haven Status Displayed
What to Keep in Mind about the Tax on Cyprus Bank Deposits
Now Enjoy Bitcoin Trading at iOption, Reports ForexMinute
The Goldman Sachs-Government Crony Revolving Door Spins
Missouri woman faces jail for recycling tires into flower planters
Gold ETFs in India touch 40 tonne (40,000 kilo)
UN official tells US to stop drone strikes
The Future of Transportation
So Many People Are Fleeing the S.F. Bay Area, It's Hard to Find a U-Haul
The Gold Revolution