MilePoint in the News!

Discussion in 'General Discussion | Travel' started by Kalboz, Jun 9, 2012.  |  Print Topic

  1. Kalboz
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    Kalboz Gold Member

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    No Extra Points for This Quiz published by the New York Times!
     
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  2. perryplatypus

    perryplatypus Gold Member

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  3. jrp2

    jrp2 Gold Member

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    it's always neat when MP gets some press.
     
  4. rwoman
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    rwoman Gold Member

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    Anybody find it funny that question 2's answers are UA Mileage Plus, AA AAdvantage, or DL Frequent Flyer? I guess DL was not good enough to have Skymiles listed? :)
     
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  5. cennas
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    Good news!
     
  6. Counsellor
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    If my memory is correct, that used to be their name. In fact, as I recall when they changed their name to SkyMiles, they "grandfathered" the Frequent Flyer miles promising they would never expire. (Of course, some years later they went back on that commitment and expired them anyway.)
     
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  7. Counsellor
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    Hmmm. I think one of their answers is incorrect:

    They give the correct answer as being "c".

    However, although Congress did indeed pass legislation allowing Federal employees (including Congresscritters) to keep the miles they earned on business, I don't believe the Congress spoke to the taxation of them.

    It was the IRS that issued the famous declaration that until they decided otherwise they would not say that a taxpayer had failed to declare income based on the receipt and use of frequent flyer miles earned while traveling at the employer's expense. (As I recall, the IRS also stated that this did not necessarily apply where the employee didn't use the miles but rather converted them to cash through sale or similar action.)

    The question may be misleading, though. To the extent that the tax code is passed by Congress, and is merely interpreted and implemented by the IRS, one could say that Congress did indeed address whether they should be taxed.
     
  8. anabolism
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    There was talk early this year of introducing bills to clarify that miles awarded through business transactions such as opening an account are not taxable income (as reaction to Citi's filing 1099 forms). As far as I know, nothing happened with the bills, so I'm not sure if it counts as "addressing" the issue.
     
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  9. Kalboz
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    Kalboz Gold Member

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  10. anabolism
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    anabolism Gold Member

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    I read the linked page and don't see any mention of taxes or income. Can you summarize the mention that you saw? Otherwise I'm confused why you posted the link.
     
  11. Kalboz
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    Kalboz Gold Member

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    This topic is titled "MilePoint in the News" and hence the post.
     
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