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it will be almost double that if a H4000 shows up.
if BO wins, and he takes away all the rich people's money there could be cut backs at NJ, some senior capts could loose their seats,I know it's been beaten to death but for anybody who's been through recurrent lately do you know what the numbers look like for next year?
if BO wins, and he takes away all the rich people's money there could be cut backs at NJ, some senior capts could loose their seats,
The one thing we have no shortage of on this site, BTW on the flip side because of BO's redistribution plans, rich people may look for tax shelters as write offs. Maybe NJ becomes a business expense write off and NJ business booms because of rich people busy keeping their money away from the gov't. Even pilotyip now gets an interview.The more I know the more confused I become!
Maybe NJ becomes a business expense write off and NJ business booms because of rich people busy keeping their money away from the gov't.
but NJ will grow because more people will want to avoid taxes and perhaps buying a frac may seem like a better idea, I mean if you are being taxed at 70%, suddenly that is a 70% discount on frac share.Hasn't this already been the case for a long time?
nobody in the USA is being taxed 70%.
In 2008 that tax rate maxed out at 35% and you had to earn over $357,700 to do it.
In 1999 (last tax year of the last Democrat) the tax rate maxed out at 39.6% and you had to make over $283,150 to do it.
Rest assured that no fractional pilot, even NetJets, is on that tax schedule and that's in 1999 dollars.
you combine all the taxes paid, fed, state, city, sales, and then BO's intent to remove the cap from FICA. There are some state where you will apporach that numbernobody in the USA is being taxed 70%.
In 2008 that tax rate maxed out at 35% and you had to earn over $357,700 to do it.
In 1999 (last tax year of the last Democrat) the tax rate maxed out at 39.6% and you had to make over $283,150 to do it.
Rest assured that no fractional pilot, even NetJets, is on that tax schedule and that's in 1999 dollars.