If you drive a car, I’ll tax the street
If you try to sit, I’ll tax your seat
If you get too cold, I’ll tax the heat
If you take a walk, I’ll tax your feet
The Fab Four exempted flying from their 1966 song about taxes. Now, thanks to the 2020 bipartisan hit commonly referred to as the CARES Act, it could be a while before you have to pay the 7.5% Federal Excise Tax for your private jet flights.
At least, that’s the thought from a growing number of companies that sell prepaid jet cards. However, there’s an asterisk with this promotion.
So far, only a handful of the more than 60 companies that sell jet cards are promoting the buy now, fly tax-free element, although