ASA/Vietnam/Mekong combined thread
04-29-2010, 07:57 AM
#161
Gets Weekends Off
Joined APC: Dec 2007
Position: ATL
Posts: 413
Ok, internet tough guy. Go ahead and look at my posting history, and see if you can figure out where I work and if I've actually seen the offer or not.
And YES, the offer is pathetic. the biggest slap was them actually publishing a table comparing Air Mekong to ASA pay. They apparently think the average ASA Captain makes $124 an hour. And they also seem to think that making the same bottom line compensation as an ASA pilot is worth it.
And YES, the offer is pathetic. the biggest slap was them actually publishing a table comparing Air Mekong to ASA pay. They apparently think the average ASA Captain makes $124 an hour. And they also seem to think that making the same bottom line compensation as an ASA pilot is worth it.
Seems like more pay to me.
04-29-2010, 08:18 AM
#163
Gets Weekends Off
Joined APC: Sep 2009
Posts: 112
If it starts Nov 1,2010 that means done on Nov 30, 2011. Not good for tax purposes in 2011, if you come home much at all.
365 days, minus 31 days in December 2011... 334 days out of country for 2011. That means, based on those dates, you could spend 4 days back home and meet the 330 days requirement.
It would be better if it started December 1, 2010, or was 14 months.
365 days, minus 31 days in December 2011... 334 days out of country for 2011. That means, based on those dates, you could spend 4 days back home and meet the 330 days requirement.
It would be better if it started December 1, 2010, or was 14 months.
04-29-2010, 08:46 AM
#164
Gets Weekends Off
Joined APC: Jul 2008
Position: crj-200 FO
Posts: 479
http://www.irs.gov/pub/irs-pdf/p54.pdf
This will point out the tax exemption for overseas pay. So pretty much everything you make in Nam is take home. Take that into consideration, it's pretty much like 4yr U.S. CA pay for F.O.. Maxcackel... you are correct, it's whole tax yr OR 330 days. Check out the flow chart in the PDF.
This will point out the tax exemption for overseas pay. So pretty much everything you make in Nam is take home. Take that into consideration, it's pretty much like 4yr U.S. CA pay for F.O.. Maxcackel... you are correct, it's whole tax yr OR 330 days. Check out the flow chart in the PDF.
04-29-2010, 08:50 AM
#165
Gets Weekends Off
Joined APC: May 2006
Posts: 284
no word on if there is such thing as overtime for the month or per diem etc.
04-29-2010, 09:20 AM
#166
Gets Weekends Off
Joined APC: Dec 2007
Position: ATL
Posts: 413
yeah it would be correct if you didn't have a mortgage, paid exactly 900 a month for your housing. Weren't ever expecting to get social security back. Didn't contribute a dime to your 401k. Had absolutely no tax deductions for anything and worked exactly 80 hours a month.
no word on if there is such thing as overtime for the month or per diem etc.
no word on if there is such thing as overtime for the month or per diem etc.
And call me crazy but I'm not expecting to ever see my social security.
04-29-2010, 09:59 AM
#168
Gets Weekends Off
Joined APC: Jan 2007
Position: Self employed
Posts: 3,048
Tony, thanks for your input it helps to think of questions someone might not think of. I checked with my accountant that deals with only pilots and does have several on foreign contracts. He said it is for sure 12 months not Jan 1st to Jan 1st, so Oct 2010 to Dec 2011 would qualify for the tax break. You are right with people who think they can sneak back and forth, I have family flying overseas for the last five years and tried it and it did not work, they stay out the 330 days now for sure. This contract is short term and designed for the person that will stay over there for the hole time.
So, here's the question for your tax man... do you file your returns on a "calendar year basis".
From IRS publication 54:
Uninterrupted period including entire tax year. To meet the bona fide residence test, you must reside in a foreign country or countries for an uninterrupted period that includes an en-tire tax year. An entire tax year is from January 1 through December 31 for taxpayers who file their income tax returns on a calendar year basis.
04-29-2010, 10:24 AM
#169
Gets Weekends Off
Joined APC: Aug 2006
Position: CRJ CA
Posts: 328
Why does everyone think all you can afford is housing with the $900 allowance? Most people spend $800-$1500 on rent or a mortgage where they live now. If you can afford that here, you can afford to pay say the $1000 you already spend, plus their $900 and get a $1900/mo place! That would be pretty nice! Not having to pay things like gas, health insurance, etc.. adds up! I make less take home than they are offering Captains, and I pay more than $900 AND pay taxes, insurance, etc....
I don't think it is as bad as some are saying.
I don't think it is as bad as some are saying.
04-29-2010, 10:24 AM
#170
On Reserve
Joined APC: Apr 2010
Posts: 15
I'm currently deployed overseas and have met several contract pilots who have openly shared how good the contract flight pay is over here - most are making well over $100K, sometimes $200K.
That is why I could not believe how terribly low the pay offer is on this Vietnam flying. The pay rate is terrible and should be ignored by all qualified pilots until they increase it to something worth your while - every qualified pilot on the RJ is worth much more than the embarrassing rate they are currently offering to live and work in a foreign country.
That is why I could not believe how terribly low the pay offer is on this Vietnam flying. The pay rate is terrible and should be ignored by all qualified pilots until they increase it to something worth your while - every qualified pilot on the RJ is worth much more than the embarrassing rate they are currently offering to live and work in a foreign country.
