Serf Airlines Work for Uncle Sam

Subject: Serf Airlines Work for Uncle Sam Mon Jul 14, 2014 2:36 am

...Where Does the Ticket Price Go? Mostly to the Government
Where does the money from these expensive tickets go? 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. Riley uses a flight from Baltimore-Washington International (BWI) to Panama as an example. The fare was $201.34, including $90.32 to the governments on both ends of the journey. That’s an effective tax rate of 81%, again not including the taxes paid on fuel and payroll.

Admittedly, Panama is more heavy-handed than the US, but not by much. The government of Panama takes $48.32, while the US government grabs $42.

More: http://www.caseyresearch.com/articles/the-airlines-work-for-uncle-sam
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Serf Airlines Work for Uncle Sam

Serf Airlines Work for Uncle Sam

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