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Re: FAA Says American Airlines Flights Ground Stopped Nationwide

By: oldCADuser in FFFT3 | Recommend this post (0)
Fri, 18 Sep 15 1:41 AM | 84 view(s)
Boardmark this board | Food For Further Thought 3 		Msg. 15593 of 65535
(This msg. is a reply to 15587 by wilful)
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No, those sorts of things are not considered a taxable benefits since I suspect that it would just be too hard to sort out.

For example, it's not my employer who is providing me these 'perks', at least not directly, and so they have no skin in the game so why would they want to mess with keeping the records. And the airlines/hotels, why should they be involved since a lot of people may only earn point once or twice a year and besides, they have no real cash value, only what they're worth when traded in for a flight or a hotel stay and even then they are not always treated as if they were real 'dollars'. For exampl, it takes the same number of award points to fly from LA to Las Vegas as it does from LA to NYC, so how would you place a value on the award points themselves. Hotel rewards are a bit different in that they are generally applied using a more value-based scheme. For example a week at a Marriott Hawaiian resort will require a lot more award points then say a week at the Marriott in downtown Detroit. But still, it's not real money and they all have expiration dates, so for many people they often go unused.




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The above is a reply to the following message:
Re: FAA Says American Airlines Flights Ground Stopped Nationwide
By: wilful in FFFT3
Fri, 18 Sep 15 12:53 AM 		Msg. 15587 of 65535

"Note that I almost always try and fly on American or American Eagle (or one of their code-sharing partners) so as to get the frequent flyer miles. Over the 30 years that I've been an AAdvantage member, I've flown close to 3.6 million miles (that's just the AA miles) and by the time I retire I should have over 450,000 award points accumulated so that as my wife and I plan some of those trips we want to take, it won't cost us much. Note that I've also got over 400,000 Marriott Reward points so when we go to say Hawaii, which is one of the destinations on our list, we'll be able to stay at some pretty nice resorts free of charge as well."

Good for you OCU. Seems like air-fare and lodging keeps going up and up! Getting it free is excellent!

Just curious about something: As you accumulated those miles and lodgings credits - was the value of them added to your income and taxed? My guess is it was.

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