David Neeleman Quotes


I think they got caught up in how much money they could get from each of the city governments as far as tax rebates. But that stuff works when you make money. It's a little bit phantom money.


Citations

Wynbrandt, James. Flying High: How JetBlue Founder and CEO David Neeleman Beats the Competition. John Wiley & Sons, 2004, p. 112.

Related Quotes

Some regard this as an example of unintended consequences. Others, more cynical, believe that this is exactly what was intended and was the price that had to be paid to the finance industry in order to persade them to not have their formidable army of lobbyists block the legislation that created the subsidy.


He was referring to many of the tax earmarks and other tax legislation that in effect give funds to specific organizations or kinds of organizations or for those who engage in certain activities or sometimes just to favorite organziations. A tax credit or deduction is from a balanced budgetary perspective is no different from a subsidy.


For many years, the interest on home mortages have been deductible from Federal Income tax and most state income taxes. Originally, this tax subsidy was instituted to promote the idea of personal home ownership and help the real estate industry which has always had a great deal of political clout. See {634700}.


[If a business takes other investors in to finance its growth or expansion, there are no tax consequences with the equity investment. However, if the same business borrows money from a bank, the business can deduct the interest cost of the debt from their federal and usually state taxes. If an individual buys a house and takes a large mortgage, the owner can deduct the interest from his taxes. However, if she instead does the more prudent and safe thing and puts more cash equity and takes a smaller mortgage, she only gets a small tax deduction.]


David Neeleman
David Neeleman
  • Born: October 16, 1959
  • Nationality: Brazilian, American
  • Profession: Chairman Azul Brazilian Airlines CEO Breeze Airways

David G. Neeleman is a Brazilian-American businessman and entrepreneur. He has founded five commercial airlines: Morris Air, WestJet, JetBlue Airways, Azul Brazilian Airlines, and Breeze Airways. Along with Humberto Pedrosa and Aigle Azur, he owns 45% of another commercial airline in Europe, TAP Air Portugal. In 2017 he became a citizen of Cyprus.