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Monday, August 08, 2011

Federal Taxes On Airline Tickets Are Coming Back

People who traveled during the partial shutdown of Federal Aviation Administration furlough, will not get that money back. And, the Internal Revenue Service said it will collect taxes retroactively. However, the IRS said it will give travelers a break — people who bought tickets during the partial shutdown won't have to pay extra to Uncle Sam, but airlines will. In just two weeks the airline industry made an extra $400 million by hiking its prices by the amount of the federal tax.
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1 comment:

  1. FlerndipAugust 8, 2011 at 6:34 PM

    Them hiking their rate to the amount of the federal taxes only during the time of the FAA shutdown should be considered price gouging and the CEO's who authorized it should go to prison.

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