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An explainer on the scandal of five-year Modified Accelerated Cost Recovery System for Part 91 aircraft (i.e. 'corporate jet subsidies')

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If you listen to Barack Obama and believe him, you probably think that there is some subsidy for corporate jets somewhere in American law. (Of course, you might  also believe the economy is strong, and that if you like your health-care plan, you can keep it.) But you have stretch the definition of subsidy to claim a corporate jet tax break. What we really have is a period of depreciation on...

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