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Old 02-14-2015, 05:24 AM
  #178101  
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Originally Posted by RonRicco
The company did not come up with this system and they would certainly love to go back to the old one. You know the one where if you were out for any extended time you would end up with 70 percent pay? That was a deterrent for calling in sick right there.
Well I doubt anyone in the "company" has ever had a sinus block descending though 18,000. I have, in a T-38 in UPT. Not like we could hold and descend slowly in that plane. If felt like a little man was inside my head with an ice pick and he wanted out real bad.
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Old 02-14-2015, 05:50 AM
  #178102  
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Did you see the Chunk o' Change ALPA took from your Profit Sharing Check? It doesn't show up in the Profit Sharing Paycheck Detail... look under your regular check... then sit down...DALPA has a vested interest in huge profits, I think.

Last edited by whitt767; 02-14-2015 at 05:51 AM. Reason: punctuation
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Old 02-14-2015, 06:23 AM
  #178103  
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Originally Posted by sailingfun
Until the AMT kicks in!

About what income level does AMT kick in? I've never hit it before and have no idea how close I am.

Are there any/many tax strategies to avoid or mitigate it?

Thanks, Erik
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Old 02-14-2015, 06:25 AM
  #178104  
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Reading RA's statement on DLnet, concerning distribution of PS, it seems like he is saying it would be crazy for a group to give up PS in exchange for a raise.
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Old 02-14-2015, 06:33 AM
  #178105  
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All march schedules are out already...wow, didn't expect to see the B's til Monday.
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Old 02-14-2015, 06:40 AM
  #178106  
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Originally Posted by Big E 757
About what income level does AMT kick in? I've never hit it before and have no idea how close I am.

Are there any/many tax strategies to avoid or mitigate it?

Thanks, Erik
Yes, spend more time with your family.
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Old 02-14-2015, 06:50 AM
  #178107  
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Originally Posted by iceman49
Reading RA's statement on DLnet, concerning distribution of PS, it seems like he is saying it would be crazy for a group to give up PS in exchange for a raise.
That can't be, we have been assured by this forum over and over again that the company is coming after profit sharing big time!
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Old 02-14-2015, 06:59 AM
  #178108  
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There's more than one "AMT" this year.

Watch out especially if your spouse works. The "additional medicare tax" under Obamacare could bite hard because Delta only withheld the tax based on one income.
If you look at your 12/31/14 pay stub it appears as "Med Surtax" on amounts over $200k.

Tax Topics - Topic 560 Additional Medicare Tax

Questions and Answers for the Additional Medicare Tax
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Old 02-14-2015, 07:13 AM
  #178109  
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Originally Posted by Big E 757
About what income level does AMT kick in? I've never hit it before and have no idea how close I am.

Are there any/many tax strategies to avoid or mitigate it?

Thanks, Erik
I owed $50 bucks in AMT for tax year 2013 with total income just a bit north of 190K, so that's a pretty good wag for where it kicks in.
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Old 02-14-2015, 07:26 AM
  #178110  
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Originally Posted by whitt767
Did you see the Chunk o' Change ALPA took from your Profit Sharing Check? It doesn't show up in the Profit Sharing Paycheck Detail... look under your regular check... then sit down...DALPA has a vested interest in huge profits, I think.
ALPA has a vested interest in increasing pilot compensation, whether it be through wages or PS. 1.9% is 1.9%.
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