Will Obama help or hurt Fractionals

[Bulldog Price]

http://taxprof.typepad.com/taxprof_blog/2008/06/effect-of-obama.html

The success of Fractionals depends on small business owners and individuals who make well over $250,000 of income per year. Will fractional owners cut expenses, like our jobs, to keep their overall take home pay the same as under Bush's tax plan.

I'm curious to hear what some of you guys/gals think about this. Will it help us or hurt us as Pilots?

 

[acaTerry]

I'm staying out of this or I'll end up on my soapbox again....

 

[haulingthemail]

it will help since he won't be in office, it will be McCain!!!!!!!!!!!!!!!!!!

 

[gutshotdraw]

it will help since he won't be in office, it will be McCain!!!!!!!!!!!!!!!!!!

I have been messing around with the interactive electoral college maps on USAToday and have drawn one inescapable conclusion:

Unless Obama completely melts down in the debates and McCain wipes the floor with him, Barack Obama will be sworn in as President of these Unites States next January.

We all travel around the country and get to read the local papers, talk with the van drivers, overhear the locals at the restaurant, etc. It is clear that the American public wants a clean break. Don't confuse them with the facts.

Most of us understand that an Obama Presidency would be an unmitigated, colossal disaster for the economy (taxes), free speech (so-called Fairness Doctrine), health care (hope you have a Snickers bar while you wait 9 months for your bypass), crime (disarm the victim pool), foreign policy (nuclear Iran, resurgent and aggressive Russia), education (let's throw more money at failed schools), etc. etc.

Regardless, I think Obama will win and it will take just about four years for the country to completely implode. Then maybe we'll elect somebody that will actually return this country to what it was designed to be: A constitutional, representative republic where the federal government's only jobs are to provide for the common defense of the several states and settle disputes between the states. Period.

I have on the Nomex suit. Flame away.

 

[Amish RakeFight]

I have been messing around with the interactive electoral college maps on USAToday and have drawn one inescapable conclusion:

Unless Obama completely melts down in the debates and McCain wipes the floor with him, Barack Obama will be sworn in as President of these Unites States next January.

Maybe there really is a God!

 

[gunfyter]

Not sure GSD.

I live in Ron Paul country ... I was going with Bob Barr but am thinking about switch to McCain.

I see more people coming out for McCain now who had previously said they would never vote for him.

 

[glasspilot]

I won't really be voting FOR Obama, rather AGAINST republicans.

Just say "NO" to pasty old dudes who are squarely responsible for the great state of the union that we have today.

 

[Helmsalee]

What gutshot said. Don't like it, but I think he's right. Been a while since we had a good choice for pres.

 

[BEfly]

I have been messing around with the interactive electoral college maps on USAToday and have drawn one inescapable conclusion:

Unless Obama completely melts down in the debates and McCain wipes the floor with him, Barack Obama will be sworn in as President of these Unites States next January.

We all travel around the country and get to read the local papers, talk with the van drivers, overhear the locals at the restaurant, etc. It is clear that the American public wants a clean break. Don't confuse them with the facts.

Most of us understand that an Obama Presidency would be an unmitigated, colossal disaster for the economy (taxes), free speech (so-called Fairness Doctrine), health care (hope you have a Snickers bar while you wait 9 months for your bypass), crime (disarm the victim pool), foreign policy (nuclear Iran, resurgent and aggressive Russia), education (let's throw more money at failed schools), etc. etc.

Regardless, I think Obama will win and it will take just about four years for the country to completely implode. Then maybe we'll elect somebody that will actually return this country to what it was designed to be: A constitutional, representative republic where the federal government's only jobs are to provide for the common defense of the several states and settle disputes between the states. Period.

I have on the Nomex suit. Flame away.

Well said. I agree 100%.

 

[gutshotdraw]

Not sure GSD.

I live in Ron Paul country ... I was going with Bob Barr but am thinking about switch to McCain.

I see more people coming out for McCain now who had previously said they would never vote for him.

Gun,

I'm from Arizona. I know Arizona politics. I know McCain. Which means I was going to vote for Bob Barr as well. Now, I'm voting for Sarah Palin . The turd is 73 after all.

 

[jegermeister]

Most of us understand that an Obama Presidency would be an unmitigated, colossal disaster for the economy (taxes)

Colossal disaster? Oh yea according to McCain the economy is sound. No problems here. Nothing to fix. But when the keys are handed over, I'm sure that faux news will be demanding he fix it now.

health care (hope you have a Snickers bar while you wait 9 months for your bypass),

Keep the blinders on. The Europeans have a much better health care than we do. They have stepped up to the plate and are accounting for current expenses of the system now. We simply created a system of shifting costs in the name of adding to corporate America's bottom line.

crime (disarm the victim pool),

Relax no one is going to take your gun. Even the republicans thought it was a good idea to cool off before selling you a hand gun.

foreign policy (nuclear Iran, resurgent and aggressive Russia),

Under the republicans, I believe a few other countries became nuclear powers. North Korea, India, Pakistan are the ones that come to mind. Not to mention the Iranian nuclear program has been around for the entire Bush administrations tour.

education (let's throw more money at failed schools),

Yes. Spending more time and money on our countries educational system is a total waste. We should take that money and give tax breaks for the wealthy. While we're at lets throw some money at the oil industry. Hell, lets pay farmers not to grow food. We could set up special interest groups to manipulate free markets and call it capitalism.

 

[xrated]

Most of us understand that an Obama Presidency would be an unmitigated, colossal disaster for the economy (taxes), free speech (so-called Fairness Doctrine), health care (hope you have a Snickers bar while you wait 9 months for your bypass), crime (disarm the victim pool), foreign policy (nuclear Iran, resurgent and aggressive Russia), education (let's throw more money at failed schools), etc. etc.

I'm not going to say any more than this but, You are saying if Obama gets elected its all going to get WORSE than it is now?

 

[skiandsurf]

I am voting for Obama. Come January '09, he will be sworn in as our next President. By summer time, we will be out of Iraq. Gas will be at $1.39/gallon. My house will be worth 2.5 million dollars. The stock market will be thru the roof. And every average Joe will be able to afford to fly on NJs. Life will be great.

But really.....you guys that want to waste a vote on Ron Paul or Barr, its your vote. But a waste of a vote at that. And isnt Ron Paul (73) older than McCain (72). Not sure if Ron Pauls mom is still above ground, but McCains mom is 95 and going strong.

McCain for 4 yrs, then Palin for the next 8 yrs.

Sorry Hillary.

 

[On Your Six]

Increasing taxes for your customers (most non-corporation fractional customers will easily surpass $250K per year) will never be a good thing. They use part of their discretionary income/cash to buy their shares or their Marquis cards, etc.

Plus, Obama will make it more difficult for small business owners to succeed if they have to pay more for employee health care benefits (rightly or wrongly) and these small business owners could be future share owners. It just leaves less money in the tank for discretionary purposes. I would say that operators like Avantair would be hurt more because their average customers make less money than the "average" Netjets customer who can afford to pay more taxes. It's those people on the fringe who I would worry about most.

Vote Obama if you want higher taxes, more bureaucracy (layers of people) and vague promises that sound great without much detail... McCain will lower taxes and cut spending so that we all have more coin in our pockets to spend - that's a better idea in my book.

 

[skyaddict]

Both McCain and Obama are not offering any fiscal responsibility whatsoever. McCain promises perpetually low or lower taxes while funding this merely with earmarks cuts. Obama, on the other hand, promises the biggest buildup of government since Johnson, as well as redistribution from the top 2% to the remaining 98% (and mostly to the lowest 20% or so), all apparently merely by reinstating some taxes on the top few. So, sadly, selecting the best guy comes down to other factors. Who just might control spending and work out a devil's deal with a Dem-controlled Congress over entitlements, which is the disaster facing the country?

I'll go with someone with a proven record of not being afraid to enrage some within his own party, and of horse trading with the other party, and who will be in a credible position to threaten vetos. Obama has never once broken with his party, and has pandered at every step- e.g. corn ethanol, which is a joke from an energy standpoint. McCain has pandered like mad lately in this campaign but the fact remains it is he, not Obama, who has the history in office of standing up to his own party, so once in office I see him as a far more credible bipartisan dealmaker.

Now, Warren for his part is rumored to favor Obama, but he certainly hasn't endorsed him. I see Obama as inevitable given the timing of the current credit crises' (more shocks in the next two months for sure), so I am hoping and praying that Obama will do the completely unexpected and abandon his liberal impulses and actually turn into a solid centrist, which is what I suppose Warren believes.

 

[RNObased]

Yes. Spending more time and money on our countries educational system is a total waste. We should take that money and give tax breaks for the wealthy. While we're at lets throw some money at the oil industry. Hell, lets pay farmers not to grow food. We could set up special interest groups to manipulate free markets and call it capitalism.

Why don't you try making an argument without getting all emotional??? Gutshot made valid points that I guess you don't like so you start making emotional pleas and even drag the oil industry into it.

Totally funny post though.

 

[gutshotdraw]

Keep the blinders on. The Europeans have a much better health care than we do. They have stepped up to the plate and are accounting for current expenses of the system now. We simply created a system of shifting costs in the name of adding to corporate America's bottom line.

I could peck away at each of your statements but I will limit myself to just this this one.

My best friend's father is a retired physician with the National Health Service in Northern Ireland. When he had his heart attack, do you know how long he had to wait for his triple bypass? That's right. Nine months. The fact that he survived that long is a testament to the man's fortitude, not the quality of care.

If you want government run health care, knock yourself out and move across the pond. Frankly, I'd rather not give the same folks responsible for Amtrack, the Post Office, and Walter Reed control over 1/5th of this country's GDP.

 

[glasspilot]

Republicans have f'ed this place up but good.

Bush craps on the constitution, Chenney lies and steals power, the whole administration is criminal, the Iraq war is crazy, building 7 has no answer, Valerie Plame is outed, your phone is tapped, Bush is stupid, Colon Powel quit cause he was lied to, Generals have quit due to the same, stimulus packages are a joke, China owns us, we pay OVER 300 BILLION a year on just interest!, and I'm mad as hell and not gonna take it anymore.

When Clinton was in office my life was great, I was a junior Captain on the fast track at a rapidly growing regional, I made more money than ever and the future looked bright. Now I can't imagine how this is gonna turn out and I blame Bush and the Republicans.

Vote for Obama or life as you know it will...continue.

 

[skiandsurf]

your phone is tapped,

.

I wish they would tap my phone, cause they wont listen to me when I call them.

 

[illinipilot]

Now, Warren for his part is rumored to favor Obama, but he certainly hasn't endorsed him. I see Obama as inevitable given the timing of the current credit crises' (more shocks in the next two months for sure), so I am hoping and praying that Obama will do the completely unexpected and abandon his liberal impulses and actually turn into a solid centrist, which is what I suppose Warren believes.

http://news.yahoo.com/s/afp/2008051...80519163709;_ylt=AoMZ0By0QIhdx_88YO8En7Fh24cA Warren Buffet has indeed endorsed Barak. This article is from all the way back in May. A quick search yielded a more recent article on FOXnews.com, but I didn't want to post it in case impressionable young children are looking over your shoulder and come away with the idea the FOX news is a legitimate news source.

 

[gutshotdraw]

Warren Buffet has indeed endorsed Barak.

Nobody's perfect. Not even Uncle Warren.

 

[pilot22]

I won't really be voting FOR Obama, rather AGAINST republicans.

Just say "NO" to pasty old dudes who are squarely responsible for the great state of the union that we have today.

Amen and I am with you. Regardless of who you want to win just imagine the mess they will have to deal with from the last 8 years. The question is who will do the least amount of damage in the next four years. Hmmm. McCain is the closest to Bush policies so it isn't that hard to figure what who will do what.

Obama won't ever be able to touch the majority of items he wants to change because he will be entering in a major crisis. So the question is who can best get us out of the crisis. I say say make a clean break and try something different.

 

[gutshotdraw]

I say say make a clean break and try something different.

Yeah, let's try something different.

How about we try a 20% flat tax with the first $10,000 per family member exempt? Deductions for mortgage interest on the PRIMARY residence only and charitable contributions. Dividends, capital gains and interest ALL count as regular income. Want to see a rich guy squirm? Tell him he's got to pay 20% and a smart lawyer and accountant can't hide it.

How about we try school vouchers so poor people can send their kids to a good (read: private) school where they might actually learn something?

How about we try medical savings accounts where you actually control the money, pay directly for minor procedures and office visits, and therefore have to SHOP for a doctor and a laboratory and insurance is there for CATASTROPHIC injury or illness?

How about we try term limits so Robert Byrd can't spend more than FIFTY YEARS sending pork barrel projects to West Virginia?

How about we try applying the ENTIRE Constitution to the legal system and not just the parts certain people like? (Yes, I mean the Second Ammendment but I also mean FISA courts, wiretapping, and the like)

How about we try FREEZING the federal budget for 3 years? No cuts, no growth, just a freeze. Let the Cabinet Secretaries have a cage match over who gets how much.

I'll tell you why. Because NOBODY in Washington wants to try something new. Not Republicans, not Democrats, NOBODY.

There are a dozen other areas where we should try something new. Just putting a different pol in the White House AIN"T gonna make it happen.

 

[Wankel7]

http://www.aopa.org/advocacy/articles/2008/080829palin.html

That is good news for GA...now if it carries over to McCain's beliefs.

 

[Willy21]

Be careful Gut or we might just have to elect you.

 

[Bluewanabe]

BOMB, BOMB, BOMB,.......BOMB,BOMB IRAN.....






It's OK I can see Russia from my house......

 

[Voice Of Reason]

I have been messing around with the interactive electoral college maps on USAToday and have drawn one inescapable conclusion:

Unless Obama completely melts down in the debates and McCain wipes the floor with him, Barack Obama will be sworn in as President of these Unites States next January.

We all travel around the country and get to read the local papers, talk with the van drivers, overhear the locals at the restaurant, etc. It is clear that the American public wants a clean break. Don't confuse them with the facts.

Most of us understand that an Obama Presidency would be an unmitigated, colossal disaster for the economy (taxes), free speech (so-called Fairness Doctrine), health care (hope you have a Snickers bar while you wait 9 months for your bypass), crime (disarm the victim pool), foreign policy (nuclear Iran, resurgent and aggressive Russia), education (let's throw more money at failed schools), etc. etc.

Regardless, I think Obama will win and it will take just about four years for the country to completely implode. Then maybe we'll elect somebody that will actually return this country to what it was designed to be: A constitutional, representative republic where the federal government's only jobs are to provide for the common defense of the several states and settle disputes between the states. Period.

I have on the Nomex suit. Flame away.

I disagree...
It will be like every other crazy liberal agenda we've seen in the past.

The Media : Would have you believe that all of America wants Obama...whether it be through their fanciful stories, fake polls (take the AOL straw polls for example...if you attempt to choose McCain it gets hung up and won't accept the vote...Obama votes go right through...there are pages and pages of comments indicating thousands experiencing the same under the polls...This is only one of a VAST collective of tactics of the "Yes We Can" vocal minority)

Speaking of "vast," a vast portion of the demographics of these lunatics (and no they aren't the "educated elite and wealthy" as they try to brainwash viewers into believing) are people that, when it comes down to it...will NOT bother to vote. These people are so clueless and self-righteous that they expect EVERYONE feels the way they do...so when the time comes...they have other things to do. (Though I am not eliminating the chance of a "stolen" election with what I have seen going on at the local Board of Elections level...and changes to rules geared toward invalidating republican requests for absentee ballots, and extending voting for over a month before the election (which has never been done). I am sure there are plenty of "community organizations" who will gather derelicts to visit the election offices where they can FOR THE FIRST TIME register and vote (no waiting period) for an entire month before). If this is allowed to proceed (Ohio) all bets are off.

When it comes down to it BOTH sides suck more than any two choices I have EVER seen (and I thought Bush/Kerry couldn't get worse)...BUT in the end, people know that Obama's "ideals" and "plans" will take this country down worse than we have ever seen. America (the majority of people) will not vote for someone because it will be "historic." They will (begrudgingly) vote for McCain...hope that he lives...and pray that Hillary (and her dumba$$/unethical but good President for a semi-lib husband) comes back in 4 years, or even better...the parties realize they need to do MUCH MUCH better than ANY of them.

I'd vote for Nader, but unfortunately, our society is so geared toward the two party system that it might actually help Obama, so won't. It sickens me that either way we are doomed...but one doomed is MUCH MUCH worse than the other

 

[Rez O. Lewshun]

Back to the topic...


NJ pilots... did your union send McCain and Obama a Questionaire about what is important to NJ pilots?

 

[brokeflyer]

http://taxprof.typepad.com/taxprof_blog/2008/06/effect-of-obama.html

The success of Fractionals depends on small business owners and individuals who make well over $250,000 of income per year. Will fractional owners cut expenses, like our jobs, to keep their overall take home pay the same as under Bush's tax plan.

I'm curious to hear what some of you guys/gals think about this. Will it help us or hurt us as Pilots?

Glad they aint refering to NJ......NJ don't even look at targeting an owner unless they're worth at least 20 million.

 

[skyismyoffice]

I won't really be voting FOR Obama, rather AGAINST republicans.

Just say "NO" to pasty old dudes who are squarely responsible for the great state of the union that we have today.

This ain't no pasty old dude - and it's Republican!