The extended exemption will also enable the industry to continue its recovery from recent catastrophic financial losses. which have undermined the industries ability to compete in the global marketplace. The airline Industry is already subject to an overwhelming array of special taxes. Federal taxes imposed exclusively. or primarily. on the airlines include a 10% excise tax on airline tickets. a 6.25% excise tax on cargo shipments. a $6 per passenger international departure tax. special taxes to support customs. immigration. and agricultural inspection services. and a $3 passenger facilitation charge at many major airports. These taxes impose costs of $6.7 billion a year on an industry with total revenues of $64 billion a year. The heavy taxes have been an important factor in the industrys cumulative losses. which exceeded $12 billion over the past four years.
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