Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major > Delta
Any "Latest & Greatest" about Delta? >

Any "Latest & Greatest" about Delta?

Search

Notices

Any "Latest & Greatest" about Delta?

Thread Tools
 
Search this Thread
 
Old 03-06-2013, 10:05 AM
  #124821  
Gets Weekends Off
 
Joined APC: Apr 2008
Posts: 581
Default

Originally Posted by Columbia
I've made thousands of dollars in dividends over the past 20 years of which I only paid 15% tax on. In the grand scheme of things, it's probably not fair to someone paying much more than that in Federal, state, and Medicare.
But the money paid out from the corporation in the form of dividends has already had taxes paid on it! Why should it be taxed twice?
Wasatch Phantom is offline  
Old 03-06-2013, 10:14 AM
  #124822  
Gets Weekends Off
 
Joined APC: Aug 2010
Posts: 2,530
Default

Originally Posted by Wasatch Phantom
But the money paid out from the corporation in the form of dividends has already had taxes paid on it! Why should it be taxed twice?
I already said I was being faseeshis, however, why pay sales tax on a used car (maybe even multiple times) when the previous person already paid the tax.
With home renters, you better believe you are paying for the property tax. I have a few rentals and the rent I charge includes the property tax, so someone else pays it for me.
Columbia is offline  
Old 03-06-2013, 10:44 AM
  #124823  
Gets Weekends Off
 
Joined APC: Apr 2009
Posts: 1,572
Default

Why are churches tax emempt, the priests/pastors income, property taxes? Are they not a business?
NERD is offline  
Old 03-06-2013, 10:45 AM
  #124824  
Doing Nothing
 
Joined APC: Aug 2010
Posts: 1,316
Default

Originally Posted by johnso29
Are we placing bets on when they post the AE?

I'm in for 1659:59 on 3/8.
I thought they'd wait until after the April bid is processed, because you know pilots don't know how to bid on more than one process at once.
cni187 is offline  
Old 03-06-2013, 11:08 AM
  #124825  
Gets Weekends Off
 
Joined APC: Aug 2010
Posts: 2,530
Default

Originally Posted by NERD
Why are churches tax emempt, the priests/pastors income, property taxes? Are they not a business?
Here we go!
Columbia is offline  
Old 03-06-2013, 11:18 AM
  #124826  
Gets Weekends Off
 
Joined APC: Nov 2011
Position: One with wings
Posts: 332
Angry

Can we get off taxes and get back to predicting the Alaska codeshare meltdown? Ok I'll admit I have skin in the game and a vested interest in seeing more west coast block hours back at DAL. Since my displacement (which I attribute directly to flying transferred to our DCI carrier Alaska)... I've lost at least 180extra days away from my family and over $12,000 in commuting/crash pad expense. The faster this unravels the better and yes I'm bitter and un-apologetic about it. Rant over.
Erdude32 is offline  
Old 03-06-2013, 11:23 AM
  #124827  
Gets Weekends Off
 
Joined APC: Sep 2007
Posts: 1,235
Default

Just to clarify, TW doesn't own a G-V. He uses NetJets, at least that is what they said when I toured one on the ramp in Orlando before his divorce. As they are one of his sponsers (or at least was) it is probably a tax write off for NetJets and he flies for free.

PilotFrog is offline  
Old 03-06-2013, 11:26 AM
  #124828  
veut gagner à la loterie
 
forgot to bid's Avatar
 
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Default

Originally Posted by NERD
Why are churches tax emempt, the priests/pastors income, property taxes? Are they not a business?
A church is a nonprofit and business is for profit. They both can make a profit, but only a business can give that profit to owners and shareholders whereas the church or any other nonprofit has to put the money back into it's mission. A church does not pay property taxes on property it uses for it's religious functions but it pays taxes on the property it currently isn't using for such functions such as property it may buy for expansion.

Like aircraft tax deductions, it's always up for review and audit and they can bust organizations or take away their tax exempt status if their activity isn't passing muster. My dad and wife both work for nonprofits, they run into stuff all of the time where it falls in the gray area of the rules and the best idea is just to pay the taxes and thus not worry about an audit. Just like our own taxes and deductions. Also, the government has a tendency to not apply rules evenly, so throw that into the mix.

As to preachers, you still pay the same taxes but in many instances you're considered self-employed and thus pay the entire social security tax because the church doesn't pay that for you. So you actually make out worse.

To the bigger point, taxes can always change via Congress and we get to elect them. See the 1791 Whiskey Rebellion for details.
forgot to bid is offline  
Old 03-06-2013, 11:43 AM
  #124829  
veut gagner à la loterie
 
forgot to bid's Avatar
 
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Default

Originally Posted by Wasatch Phantom
Completely agree!

I read somewhere that when Leon Panetta was offered a job by Obama (Head of CIA or SECDEF, I can't remember which) he got Obama to agree that he could fly home to California every weekend in a government jet. And he didn't pay a dime for it. That's a heinous waste of taxpayer money.
There was one wealthy congresswoman from California who got to use USAF jets a lot, like about 1.25 times a week for over 400+ hours in a 16 month period. More than my boss used his.

Claim it to be for security reasons, that's fine, but she had a tendency to no show at the last minute or as the DOD said: “Any chance of politely querying [person] if they really intend to do all of these or are they just picking every weekend?…[T]here’s no need to block every weekend ‘just in case’… "

What we should've done is scored a DCA-SFO route out of the deal, partly government funded instead of fully.

And then we'd give that route up to Alaska. I know I know. Hopefully we're changing that and so I yield back the balance of my time to Erdude32 and I'm going to stop talking about taxes. Cuz I got my back already.
forgot to bid is offline  
Old 03-06-2013, 11:53 AM
  #124830  
veut gagner à la loterie
 
forgot to bid's Avatar
 
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Default

FAA: Boeing should inspect for cracks on Door 5 on 747s
forgot to bid is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
On Autopilot
Regional
22594
11-05-2021 07:03 AM
AeroCrewSolut
Delta
153
08-14-2018 12:18 PM
Bill Lumberg
Major
71
06-13-2012 08:36 AM
Quagmire
Major
253
04-16-2011 06:19 AM
JiffyLube
Major
12
03-07-2008 04:27 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices