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Big Bonus on table for USAF fighter pilots

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Old 06-27-2013, 11:36 AM
  #41  
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Originally Posted by snolat
I'm surprised that the Air Force can even survive with all of us morons being the only ones staying in. Especially when every airline is highering any military pilot and paying a zillion dollars a year. Can someone please tell me again, where did I park the aircraft?
Your aircraft was in a decade long insidious decent. Everyone ejected but you. Park it wherever you want, because you won't be flying it.
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Old 06-28-2013, 11:03 AM
  #42  
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Originally Posted by snolat
I'm surprised that the Air Force can even survive with all of us morons being the only ones staying in. Especially when every airline is highering any military pilot and paying a zillion dollars a year. Can someone please tell me again, where did I park the aircraft?
uh, to be hired at an airline your resume should be spell checked and grammar checked
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Old 06-28-2013, 12:05 PM
  #43  
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Default True....but

Originally Posted by Hilltopper89
Doesn't matter where you are when you receive it...you pay taxes no matter.
You do pay taxes on it the month you receive it, however, when you do your taxes at the end of the year you can get most if not all of it back. In those years I received the bonus I paid $7k towards taxes in the month I received it. In each of those years I got back well over that in February after filling my taxes. If you were an operational airlift pilot in those years you probably got your taxes back. Staff officers would not unless they deployed for 6+ months.
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Old 06-28-2013, 12:12 PM
  #44  
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Default That's the reason I took mine over 5 years

Originally Posted by LowSlowT2
True to a point. I managed to garner CZTE for 14 months straight which encompassed my entire first "half up front" bonus year in 2000. As an officer, you are capped at CZTE to the maximum of an E9 pay. What that did was reduce me from the 35% tax bracket to the 28% bracket and I got $13.5K refund that year.
This is why I decided to take mine over over a 5 year period. By getting 6+ CZTE / yr, mortgage deduction, charity, married with 2 kids I was able to lower my yearly earnings to < 25k each year. I one year I was <0 adjusted gross income. Had I taken it all up front I would have had to pay more tax up front.
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Old 06-28-2013, 12:24 PM
  #45  
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A questions for the fighter folks.

I recently retired and was hearing that fighter training hours were down. Much more currency being completed in simulators. Sequestration is taking a toll on the amount of hours you're getting per year. If you are at the point of being offered the bonus would most folks have enough hours to apply for the airlines or other flight job? If the answer is "yes" during this years bonus offering, will that still be true in 1, 2, 3, 4.....years from now when training time is down and (theoretically due to OND coming to an end) deployment flying will decrease? Then folks would have to stay or fnd an ANG/reserve job since they won't meet the mins for an airline app and then the need for a bonus would be less needed. Also if lots of folks get out now will those ANG/reserve jobs be available in a few years if funding continues to decrease?
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Old 06-28-2013, 03:12 PM
  #46  
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In the A-10 community we are seeing guys that are returning from deployment stand down completely. Other units who are not preparing to deploy are flying at a BMC rate and if you are preparing to deploy then CMR. I haven't seen anything official about sims taking over for flying but who knows what the future holds. There is a good chance that guys who are preparing to separate will not be flying at all while applying.
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Old 06-28-2013, 05:25 PM
  #47  
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My buddy took the 10 year bonus with the AF back in 2003, though he was drone driver. Back in 2003, I took the Navy's 5 year $125,000 bonus. Worked out for me, retired now
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Old 06-30-2013, 12:32 AM
  #48  
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Originally Posted by webecheck
flyer5,
how are you out already, but would have been eligible? you just very recently separated? there was a time period if you passed up the bonus in your first year of eligibility, you couldnt apply next year unless that was a specific option. idk the details of this one.
Anyone who graduated UPT from Oct 2002 - Sep 2003 would be eligible for the FY13 bonus after 10 years of aviation service (post UPT). Several of those pilots had already separated well before the bonus was released.
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Old 06-30-2013, 05:19 AM
  #49  
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I think that some of you are in for a big surprise when you see what your net pay check is out here in the real world.

Don't get me wrong, money is not everything and I realize that the military is not a fun place to be right now, but you will not make the same money out here unless you fly for FedEx...
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Old 06-30-2013, 06:12 AM
  #50  
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Most people I know in the AF are willing to accept a pay cut to improve QOL. You're right, it's not all about money, but all the AF can figure to do is throw money at a problem and hope for the best.
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