Taxes :(

Dont forget to budget for taxes. The state/county does not waste any time to hold their hand out upon seeing someone receiving an air worthiness certificate. They want their 6% of the value of the plane. After spending our own hard earned (and already taxed money, by the way) to build something from nothing it is a disgusting notion to have to pay the government a large sum of money in this manor. Oh well, what can you do...

Comments (5) -

  • Ed
    How did the state calculate the value of your plane for tax purposes?
    • Self assessed.
  • Sounds like it's worth the effort to start a business so that you can write off the cost of the taxes Smile
  • Do some states have lower taxes than others? Like PA or OR?
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