CooterBrown wrote:
AZKC wrote:
Bump for fancy so she can explain to me how a CEO can carry usage of that corporate jet and anyone who flies with him or her on his or her personal income.



I wouldn't hold my breath. I've posted on some conservative echo chambers before, but this is my first liberal echo chamber.

Filing Requirements

  • An individual required to file Form D-400, Individual Income Tax Return, must report the use tax liability on non-business purchases of taxable items, other than a boat, an aircraft, and food subject to the reduced rate of tax, on the income tax return.
  • An individual not required to file Form D-400, Individual Income Tax Return, must report the use tax liability on taxable purchases other than a boat or an aircraft, on Form E-554, Consumer Use Tax Return.
  • Any individual who purchases food subject to the reduced rate of tax must report the 2% tax on Form E-554, Consumer Use Tax Return.
  • An individual who purchases a boat or an aircraft must report the tax on Form E-555, Boat and Aircraft Use Tax Return.
  • A business must report use tax on Form E-500, Sales and Use Tax Return. If the business is not registered to remit sales and use tax, it must register with the Department to remit the use tax by completing Form NC-BR, Business Registration Application for Income Tax Withholding, Sales and Use Tax, and Machinery and Equipment Tax
      

HowStuffWorks "10 Creative (But Legal) Tax Deductions"

www.howstuffworks.com/personal.../personal-income-taxes/10-creati...Cached
You +1'd this publicly. Undo
Tax time means it's time to see what you can write off to lower your tax bill. ... People get into trouble when their bedroom doubles as their graphic design studio, or they ... income and expenses on Schedule C of your normal 1040 tax return. .... earned in 2008, you can deduct $1,000 from your 2009 federal income taxes.
  

Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed.

-- Dwight Eisenhower
Edited 1 time by fancyred 04/20/13 11:35.