New tax refund benefits airline travelers, but not the IRS
It's becoming standard operating procedure for our elected officials in Washington to not get along with each other, and the latest item that has fallen victim to that we-can't-play-in-the-same-sandbox mentality is the legislation that would have maintained the federal taxes on airline tickets. Those of us who fly with some frequency and who have the foresight (or budgeting requirements) to purchase our tickets in advance, have the opportunity to get a little bit of the green stuff back, if the powers that be can only figure out how to make that happen.
In the meantime, some of the airlines have decided to use this opportunity to raise their post-July 22 fares and pocket the money that would have gone to taxes. After all, why should the flyers get a break? You've gotta love that good old American capitalistic spirit.
Gail Perry, editor-in-chief
Prior to this role, Caleb served as the editor of Going Concern since its founding in 2009. During his time as editor, Going Concern quickly became one of the most popular and talked about websites in the accounting profession. He has been named one of Accounting Today's Top 100 Most Influential People every year since 2011 and has been published on numerous websites, including Above the Law, Deadspin, Denver Business Journal, and the Huffington Post.
Caleb is an adjunct professor of journalism the Community College of Denver in Denver, Colorado, where he teaches Internet Media.
Prior to falling bass ackwards into the media business, Caleb spent over five years working in public accounting, with more than three of those years at KPMG. Caleb received a Master of Science in Accounting from Colorado State University and a Bachelor of Science in Business Administration from the University of Nebraska at Kearney.
Caleb spends a lot of time on a bicycle and reading, but never at the same time.