Re:United Airlines bug bounty program
by thewhizkid on Thursday May 14, 2015 @08:40PM
(#9548360)
True.
Another gem in the ToS: "You are responsible for any tax implications that apply based on your country of residency and citizenship."
I know miles earned from credit cards are not taxed, but I do know for a fact that Citibank sends out a 1099 for new checking accounts that come with bonus miles.
If United sends you a 1099 based on the market value of a mile (likely between 2-3 cents each), then you're looking at non-trivial tax implications as well.
Another gem in the ToS: "You are responsible for any tax implications that apply based on your country of residency and citizenship."
I know miles earned from credit cards are not taxed, but I do know for a fact that Citibank sends out a 1099 for new checking accounts that come with bonus miles.
If United sends you a 1099 based on the market value of a mile (likely between 2-3 cents each), then you're looking at non-trivial tax implications as well.