Gov. Sanford’s Trips and Tax Implications

planeThe Washington Post is reporting that tax experts are questioning how Gov. Sanford treated flights he took.

Tax experts who reviewed an Associated Press analysis of more than 100 flights since 2003 said numerous trips could have triggered Internal Revenue Service rules that require adding the value of flights to the governor’s wages, making them subject to taxes. The analysis shows nine flights since 2008 alone could be worth $19,019 in taxable benefits.

Comments are closed.