Tax Equalization
#13
Also many thanks Tony, you never cease to amaze me. Now my follow up question would be what are the effects on pensionable earnings between tax gross up in the current CBA and the addional money in the LOA?
#14
I got a big beef with this tax equalization thing. So I'm part owner of a 50' Bertram at the Oregon Inlet which I lease out for deep sea fishing. I depreciate it and take it off of my taxes each year. What business of it is FedEx's? If I got $20K back in taxes last year, do I have to go to Fred and show him how much $$$ I made OUTSIDE of this FedEx gig? If I go to HKG, will I have to use PW? What if I don't want some recent Acct grad in a big glass house doing my taxes? I'm happy with my CPA in NC; he's legit, keeps me out of trouble, and keeps the Feds off my back.
What I do outside of work at FedEx is none of FedEx's business. And of course, I'm talking about legal, legit, honest work. I've met guys who have their own small businesses, A&P work, FAA examiners, government contractors, general contractors, etc... I'm not hip on letting somebody else into MY tax business. Straighten me out if I'm off base here.....
What I do outside of work at FedEx is none of FedEx's business. And of course, I'm talking about legal, legit, honest work. I've met guys who have their own small businesses, A&P work, FAA examiners, government contractors, general contractors, etc... I'm not hip on letting somebody else into MY tax business. Straighten me out if I'm off base here.....
#15
Gets Weekends Off
Joined APC: Jul 2006
Position: 767 Cap
Posts: 1,306
I got a big beef with this tax equalization thing. So I'm part owner of a 50' Bertram at the Oregon Inlet which I lease out for deep sea fishing. I depreciate it and take it off of my taxes each year. What business of it is FedEx's? If I got $20K back in taxes last year, do I have to go to Fred and show him how much $$$ I made OUTSIDE of this FedEx gig? If I go to HKG, will I have to use PW? What if I don't want some recent Acct grad in a big glass house doing my taxes? I'm happy with my CPA in NC; he's legit, keeps me out of trouble, and keeps the Feds off my back.
What I do outside of work at FedEx is none of FedEx's business. And of course, I'm talking about legal, legit, honest work. I've met guys who have their own small businesses, A&P work, FAA examiners, government contractors, general contractors, etc... I'm not hip on letting somebody else into MY tax business. Straighten me out if I'm off base here.....
What I do outside of work at FedEx is none of FedEx's business. And of course, I'm talking about legal, legit, honest work. I've met guys who have their own small businesses, A&P work, FAA examiners, government contractors, general contractors, etc... I'm not hip on letting somebody else into MY tax business. Straighten me out if I'm off base here.....
Knowing some of the shenanigans pilots have pulled on their tax returns, I can't blame the company for not wanting to take an individuals word for it.
UPDATE
My mistake. Para C. does seem to make PW mandatory. Well, then, that's the downside.
#16
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
You just won't get any benefit out of tax equalization. I don't think FDX can force you to use PW if you forego equalization. If you want the company to reimburse you for some of the tax you pay, you're gonna have to let them into your business. I may be offbase, but not a totally unreasonable position.
Knowing some of the shenanigans pilots have pulled on their tax returns, I can't blame the company for not wanting to take an individuals word for it.
UPDATE
My mistake. Para C. does seem to make PW mandatory. Well, then, that's the downside.
Knowing some of the shenanigans pilots have pulled on their tax returns, I can't blame the company for not wanting to take an individuals word for it.
UPDATE
My mistake. Para C. does seem to make PW mandatory. Well, then, that's the downside.
Which is why "Tax Equalization" should be a defined benefits based on hourly payrate and location. Just one of many loopholes in this LOA.
#17
I got a big beef with this tax equalization thing. So I'm part owner of a 50' Bertram at the Oregon Inlet which I lease out for deep sea fishing. I depreciate it and take it off of my taxes each year. What business of it is FedEx's? If I got $20K back in taxes last year, do I have to go to Fred and show him how much $$$ I made OUTSIDE of this FedEx gig? If I go to HKG, will I have to use PW? What if I don't want some recent Acct grad in a big glass house doing my taxes? I'm happy with my CPA in NC; he's legit, keeps me out of trouble, and keeps the Feds off my back.
What I do outside of work at FedEx is none of FedEx's business. And of course, I'm talking about legal, legit, honest work. I've met guys who have their own small businesses, A&P work, FAA examiners, government contractors, general contractors, etc... I'm not hip on letting somebody else into MY tax business. Straighten me out if I'm off base here.....
What I do outside of work at FedEx is none of FedEx's business. And of course, I'm talking about legal, legit, honest work. I've met guys who have their own small businesses, A&P work, FAA examiners, government contractors, general contractors, etc... I'm not hip on letting somebody else into MY tax business. Straighten me out if I'm off base here.....
A bigger question I have is "who watches the farm if I get SVT'd?" "Who cleans your boat and gets it serviced? How much money would you lose if you lost 3 months off your peak season?" These are the downdownsides of the SVT to those guys who enjoy mixing up their airline life with other challenges...
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