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Tue, Jan 30, 2007

Aero-News: Quote of the Day (01.30.07)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"From a consumer perspective ... I'd be wary. I'd check to see the fine print."

Source: Kathleen Allen, director of the University of Southern California's Marshall Center for Technology Commercialization, giving a cautious warning to those who have won "free" tickets into orbit onboard forthcoming commercial spaceflight vehicles. Allen isn't warning about safety issues... but rather the unforeseen tax burden on those tickets. In most cases, winners are on the hook to pay taxes on the value of the tickets, same as lottery winners and game show contestants.

FMI: www.irs.gov

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