Not that much of one. The value of the plane reduces the company's taxable income. For example, if it's worth a million bucks and FDX's tax bracket is 35%, it's a tax savings of $350k.
Not that much of one. The value of the plane reduces the company's taxable income. For example, if it's worth a million bucks and FDX's tax bracket is 35%, it's a tax savings of $350k.
Bingo! What do you do with an obsolete, fuel-guzzling, noisy jet that can't even be sold to a Third World country? Make a big PR stink and donate it for a big fat deduction.
Bingo! What do you do with an obsolete, fuel-guzzling, noisy jet that can't even be sold to a Third World country? Make a big PR stink and donate it for a big fat deduction.