This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Even With The Luck Of The Irish, Airline Customers Continue To Pay A Lot Of Green In Excessive Federal Taxes

Airlines for America Highlights the Pot of Gold that Goes to Washington with Every Ticket Purchased in New Infographic  

WASHINGTON, March 15, 2013   /PRNewswire-USNewswire/ --  Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today released an infographic highlighting the excessive tax burden imposed on its customers, including those travelers taking to the skies this weekend to attend St. Patrick's Day celebrations across the nation. 

(Photo: http://photos.prnewswire.com/prnh/20130315/DC78268-INFO )

(Logo: http://photos.prnewswire.com/prnh/20111201/DC15444LOGO )

This weekend, millions of Americans will wear the Celtic crown, touting their love affair with all things Ireland and its majesty, and even with all the luck of the Irish, passengers are still paying a lot of green toward their airfare taxes. 

The U.S. aviation industry is subjected to 17 different taxes, with approximately 20 percent – or $61 – of a typical $300 roundtrip domestic ticket going directly to Washington, D.C. That's like paying for a green beer that's 20 percent foam, and something consumers across the country would refer to as blarney. In fact, federal tax rates on air travel exceed those of alcohol and tobacco sales, the so-called "sin" products that are taxed at the highest levels to discourage their use. 

That's why this St. Patrick's Day weekend, A4A is renewing its call for a National Airline Policy that will help reduce these taxes and ensure ticket prices remain affordable for both consumers and businesses, so travelers can keep more of their green bucks in their back pockets. A4A's proposed policy includes the following key points:

  • Reduces taxes and fees on airfares so travelers and shippers can keep their pockets greener.
  • Reforms antiquated regulations that add unnecessary costs and do not benefit customers or safety.
  • Modernizes the nation's Air Traffic Control System to reduce delays and emissions at the top o' the skies.
  • Levels the playing field to allow for a globally competitive U.S. airline industry (like offering more services and routes to Ireland!)
  • Stabilizes energy prices through a balanced and comprehensive national energy policy.

Learn more by following the  National Airline Policy campaign on Facebook at  facebook.com/nationalairlinepolicy, Twitter at  twitter.com/natl_air_policy and Google+ at  http://bit.ly/Xi4PGg, and sign the petition at http://nationalairlinepolicy.com/.

ABOUT A4A

Annually, commercial aviation helps drive more than $1 trillion in U.S. economic activity and more than 10 million U.S. jobs. A4A airline  members and their affiliates transport more than 90 percent of all U.S. airline passenger and cargo traffic. America needs a cohesive National Airline Policy that will support the integral role the nation's airlines play in connecting people and goods globally, spur the nation's economic growth and create more high-paying jobs.

For more information about the National Airline Policy campaign visit http://www.nationalairlinepolicy.com/.Twitter: twitter.com/natl_air_policyFacebook: facebook.com/nationalairlinepolicy,For more information about the airline industry, visit www.airlines.org and follow us on Twitter  @airlinesdotorg.

SOURCE Airlines for America

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs