ONEPASS Miles + MCI = Taxes
Jul 14, 1999, 9:08 am
#1
Original Member
Original Poster
Join Date: May 1998
Location: Los Angeles, CA, USA
Posts: 160
ONEPASS Miles + MCI = Taxes
I am sure everyone already knows this but just in case, the current charge you receive for the MCI bonus miles is as follows:
91.6 cents per thousand miles deposited in your account. You are also taxed on the tax in the Federal Excise Tax line.
Just FYI,
crju
91.6 cents per thousand miles deposited in your account. You are also taxed on the tax in the Federal Excise Tax line.
Just FYI,
crju
Jul 14, 1999, 10:26 am
#2
Guest
Posts: n/a
Think of all the good ways your tax dollars are being spent.
Jul 16, 1999, 7:19 am
#3
Join Date: Apr 1999
Posts: 3,709
If the tax money is earmarked for air transportation infrastructure, I don't really have a problem with it.
If the tax money is used for the Dry Cleaning of Intern's Dresses (undoubtedly a considerable budget item), then I have problem.
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"I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own."
If the tax money is used for the Dry Cleaning of Intern's Dresses (undoubtedly a considerable budget item), then I have problem.
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"I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own."
Jul 16, 1999, 8:29 am
#4
Guest
Posts: n/a
Then you should have a problem with the taxes on purchased tickets.
Jul 16, 1999, 9:32 am
#5
Original Member and FlyerTalk Evangelist
Join Date: May 1998
Location: Kansas City, MO, USA
Programs: DL PM/MM, AA ExPlat, Hyatt Glob, HH Dia, National ECE, Hertz PC
Posts: 16,579
Hmmm, this is interesting. Because we know that the Federal Excise Tax on miles is 7.5%, since we know how much tax MCI pays for 1,000 miles, we can now figure out how much they pay for 1,000 miles!
$.916 divided by .075 = $12.21 per 1,000 miles! That's actually higher than I would have expected at 1.22 cents per mile.
$.916 divided by .075 = $12.21 per 1,000 miles! That's actually higher than I would have expected at 1.22 cents per mile.
Jul 16, 1999, 12:55 pm
#6
A FlyerTalk Posting Legend
Join Date: May 1999
Posts: 46,817
Marketing, marketing, marketing. The costs are so high. I've read that it's now the fastest and most likely way to the top for executives in corporate America, reflecting its importance. We are now as much concerned about the box and its shape, size, color etc. as we are the product inside. As so we are concerned with FF miles.