Originally Posted by
flyerd
I own my frequent flyer miles
Except you don't, as has been explained to you in this thread and in the previous one where you espoused the same view.
Originally Posted by
flyerd
is none of the airlines business.
Again untrue, since it is explicitly the airline's business (both literally and figuratively), and since they "license" the miles to you, they can explicitly dictate how you may use them.
Originally Posted by
flyerd
In this economy
You do realize that the airlines aren't doing very well in this economy, either, right?
Originally Posted by
the_happiness_store
If you can sell your miles, then you should be taxed on them as income.
Technically, you are... all income must be declared on your return, whether it's from a regular job, a hobby, or whatever. Remember, that's how they got Al Capone...
(And courts
have ruled that miles from business travel are a taxable perk if the business deducts the travel expenses... the IRS simply doesn't tax the miles because they haven't figured out a cost-efficient way to do so.)