Global Charter reports jet sales up 11% year-over-year and 30% a year before that|schnaars|CC BY-SA 2.0
Private jet and commercial real estate markets are booming as wealthy Americans rush to take advantage of a permanent 100% bonus depreciation tax break included in President Donald Trump’s One Big Beautiful Bill Act.
The rule allows business owners to fully deduct the cost of qualifying assets, such as jets, car washes, and gas stations, if used for business purposes.
Global Charter reports jet sales shot up 11% year-over-year and 30% the year before that. CEO Dan Hurley notes that some buyers purchase aircraft purely for tax advantages, often leasing them out.
Firms like Engineered Tax Services say real estate projects are up 145% year-over-year, as investors rush to find assets eligible for deductions.
Developers and brokers report a surge in construction and sales, with billions in new car wash and gas station projects underway. These markets are now dominated by family offices and private investors seeking to reduce their tax liabilities.
The Joint Committee on Taxation estimates the tax break will cost $363 billion in lost IRS revenue over 10 years.
Critics argue it distorts the economy by encouraging investment in tax-friendly assets rather than socially needed projects like housing.