The way I understood it, from talking to him, was that he wrote off the cost of the plane as a deduction, not that he didn’t pay “income” taxes on the money he used to pay for it.
I’m not sure how the deduction worked, but regardless, not paying taxes on money you used to buy the plane (again, that’s not the way he explained it to me, but Earle might understand it fully, all I know is that it’s no longer available) is different from not paying taxes on money you use to buy a car how, exactly?
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