Obama and Corporate Jets

[pilotgolfer]

I'm sitting here watching Obama's speech about the budget and the deficit. I lost track of how many times he's mentioned tax breaks for rich guys and deductions for their corporate jets.

I wonder if his staff will curtail their use of the government fleet?? I doubt it.

 

[cynic]

I'm sitting here watching Obama's speech about the budget and the deficit. I lost track of how many times he's mentioned tax breaks for rich guys and deductions for their corporate jets.

I wonder if his staff will curtail their use of the government fleet?? I doubt it.

I could be wrong but I think he is suggesting a change to the depreciation schedule for corporate aircraft. Even the hard right will agree we need to remove such tax breaks in an effort to simplify the tax code. Just don't touch my mortgage interest deduction; that is completely different and as I own two homes it really helps me out

 

[Godfather]

Rush Limbaugh is all over him after his speech for wanting to raise taxes on Corporate Jet Owners and Operators after Depreciation Schedule reductions in the stimulus packages. What a flip-flop! First tax cut deductions and now a tax rate hike for Corporate Jet operators. We are next, the little people of America that make this country go.

Imagine that...Obama rides around in the biggest Corporate Jet of them all and now he wants to punish those who make this country run?

Friends don't let Friends vote Democrat ever again...

Run Sarah Run and Drill Baby Drill!

 

[DieselDragRacer]

Bait all these new jet buyers in with accelerated depreciation, then raise their taxes.

Brilliant.

 

[ttflyer]

Bait all these new jet buyers in with accelerated depreciation, then raise their taxes.

Brilliant.

What new jet buyers? Things like corporate jets, passengers being able to fly faster then the speed of sound and the United States being able to launch people into space is all part of the past. Now we have "progressed"... /sarcasm "Do you have the number of that horse and buggy driving school we saw on TV? ... I think I might need that...."

 

[sleepy]

Did Obama really equate people who make $250K per year with corporate jet owners? It will take a lot more income to buy and operate a jet than this.

 

[timmay]

Rush Limbaugh is all over him after his speech for wanting to raise taxes on Corporate Jet Owners and Operators after Depreciation Schedule reductions in the stimulus packages. What a flip-flop! First tax cut deductions and now a tax rate hike for Corporate Jet operators. We are next, the little people of America that make this country go.

Imagine that...Obama rides around in the biggest Corporate Jet of them all and now he wants to punish those who make this country run?

Friends don't let Friends vote Democrat ever again...

Run Sarah Run and Drill Baby Drill!

Seriously if Sarah Palin is your answer we may as well start packing our bags. That has to be the dumbest woman I have ever seen. Writing reminders on her hand during an interview, thinking Paul Revere was warning the English. How could anybody with any sense possibly vote for her?

 

[AA717driver]

Like other former Presidents, Mr. Obama will never again set foot on "public transportation". He will ride around on BBD's and GLF's owned by high dollar DNC contributors and it will be THEIR problem to deal with the taxes imposed by BHO.

Corporate jets are a convenient target when you're demagogue-ing and pandering to your base.

TC

 

[HawkerF/O]

Timmay, al of your common sense, facts, and truths have no place in the mind of right wing nut bags like Godfather. Palindrome lover, saying the folks riding around in Corp jets make the country run and the little people are next. Cooky flakey stuff like that should tell you trying to reason with someone like that will get u nowhere. He will tell you Palindrome was right, Paul was riding to warn the English, too. Tying to dumb us all down. Be careful.

 

[HawkerF/O]

Cynic, you are right. He wants to change the accelerated depreciation tax benefits. Clearly it is doing zero for the economy and the owners are not spending the money they saved by playing the tax game right and essentially getting a free jet. Remember, big ticket items like jets and equipment for business get the owners tax CREDITS not deductions. Deductions you use or lose, credits are just that and carry over.

 

[LJ45]

Someone did the math, if you tax the Corp. jet owners and the oil companies like he suggested for 100 years, and after 100 years you would enough to pay 1 month of the deficit he racked up. More BS from our Pres....please don't elect him again.

 

[cynic]

Someone did the math, if you tax the Corp. jet owners and the oil companies like he suggested for 100 years, and after 100 years you would enough to pay 1 month of the deficit he racked up. More BS from our Pres....please don't elect him again.

Jiminy cricket you are stupid. Sooooo stupid.

 

[LJ45]

Jiminy cricket you are stupid. Sooooo stupid.

Please explain, you come across like a 15 year old sitting in your mothers house. Do you have a complete thought you could share with us.

 

[cynic]

Someone did the math, if you tax the Corp. jet owners and the oil companies like he suggested for 100 years, and after 100 years you would enough to pay 1 month of the deficit he racked up. More BS from our Pres....please don't elect him again.

So we should not make any changes to the tax code unless that change will pay off 100% of the deficit?


We can tell you are stupid because you are recycling a FOXtarded sound bite. Perhaps you can tell us; did Sarah Palin use this line or was it Michelle Bachman?

 

[SCT]

Cynic, if you do not agree with what LJ45 posted....why not just state your reasoning and drop the name calling?

Also, who is "we" in your post? Just curious.

 

[DieselDragRacer]

Cynic, if you do not agree with what LJ45 posted....why not just state your reasoning and drop the name calling?

Also, who is "we" in your post? Just curious.

He has called almost everyone (people who vote Rep anyway) in the NA Forum stupid and LJ45 isn't the first person to think/say Cynic is posting on his mom's computer.

 

[CorpCaptain]

Cynic, you are right. He wants to change the accelerated depreciation tax benefits. Clearly it is doing zero for the economy and the owners are not spending the money they saved by playing the tax game right and essentially getting a free jet. Remember, big ticket items like jets and equipment for business get the owners tax CREDITS not deductions. Deductions you use or lose, credits are just that and carry over.

I have a job because if the accelerated depreciation benefits. This year my boss bought 2 brand new white tails from Bombardier. And guess where the NetJets Global Express sale came from. I never thought I would hear a pilot complain about tax cuts for new aircraft accquisitions. I think we've hit a new level of dumbass on FI. That right seat job must be solid as concrete if your pissing about closing the loopholes for our livelihood.

 

[cynic]

I've stated many times; I have no intention of changing anyone's mind. To have an interesting dialog on politics BOTH parties need:

1- The intellectual capacity to understand complex topics
2- The ability to alter their internal narratives. Put simply, both parties must be willing to change their minds.

"if you tax the Corp. jet owners and the oil companies like he suggested for 100 years, and after 100 years you would enough to pay 1 month of the deficit he racked up."

This statement clearly shows an inability to understand that tax policy is complex as is the deficit and that the author already has established as fact the contrived FOX narrative on taxes, the deficit and growth.

There is no debate or 'discussion' to be had here; as a result I stick to name calling. I'd participate in a specific, non-hyperbolic and interesting discussion but I don't expect that.

Did that make sense to you? I'm not sure I can dumb it down much more.

 

[cynic]

I have a job because if the accelerated depreciation benefits. This year my boss bought 2 brand new white tails from Bombardier. And guess where the NetJets Global Express sale came from. I never thought I would hear a pilot complain about tax cuts for new aircraft accquisitions. I think we've hit a new level of dumbass on FI. That right seat job must be solid as concrete if your pissing about closing the loopholes for our livelihood.

Your point that you personally are better off is taken. I'll mention that to a few of the out of work teachers and the children whose parents are no longer receiving unemployment benefits. I'm sure they'll be relieved even though they are moving into a bus down by the river.

 

[LJ45]

We can tell you are stupid because you are recycling a FOXtarded sound bite. Perhaps you can tell us; did Sarah Palin use this line or was it Michelle Bachman?

It was Charles Krauthammer who said that, and I'll bet he is a lot smarter than you. When we create a crisis and use it to raise taxes, I have a problem with that. Cut spending!!!!

 

[CorpCaptain]

Your point that you personally are better off is taken. I'll mention that to a few of the out of work teachers and the children whose parents are no longer receiving unemployment benefits. I'm sure they'll be relieved even though they are moving into a bus down by the river.

I was unemployed for over a year. You know what I did? I got another job throwing boxes for UPS. It was 100 degrees in the summer and 20 degrees in the winter on a open dock. I had to work alot more and a helluva lot harder but I made ends meet. If your ass has been unemployed for over 2 months you shouldnt even get a check. Get off your ass and get a job.

 

[LJ45]

Get off your ass and get a job.

Sounds good to me, but some people think only the nanny state can save us, and thus we must give the nanny state more money.

Just look at the past history and what is going on in Europe, I don't see why people don't get it.

I'm all for a fair tax code, how about a flat tax with no exemptions.

 

[ttflyer]

Your point that you personally are better off is taken. I'll mention that to a few of the out of work teachers and the children whose parents are no longer receiving unemployment benefits. I'm sure they'll be relieved even though they are moving into a bus down by the river.

Nothing is stopping the holy-then-thou (like you apparently) from sending some extra money to the government to help them make ends meet. In my opinion, they will waste it, but what you do with your money is your business.

The problem with the POTUS statement is that he is vilifying one of the few industries left in the United States (and the one in which I make my living) to score political points through class warfare. The revenue "lost" to the government through this tax break is small and almost certainly less then the lost revenue that his statements will cause as more of us loose our jobs and switch from tax payers to government-handout receivers. Yes it's complicated. No, you don't get it...

 

[BoilerUP]

You have to actually take delivery of an aircraft during the allotted time period to utilize accelerated depreciation, so NJA does not stand to benefit from it with their Global order.

CorpCaptain's boss, on the other hand, will.

 

[cynic]

Nothing is stopping the holy-then-thou (like you apparently) from sending blah blah blah blah blah Yes it's complicated. No, you don't get it...

Look bartard; I didn't say taxes should be raised or lowered. I just said LJ45 is stupid; which he is. That statement is accurate and I stand behind it.

If you want to discuss tax policy I will but I don't think that topic will be of interest here.

 

[rettofly]

Jiminy cricket you are stupid. Sooooo stupid.

Why not do the math and prove your point instead of shooting the messenger??

 

[filejw]

Sounds good to me, but some people think only the nanny state can save us, and thus we must give the nanny state more money.

Just look at the past history and what is going on in Europe, I don't see why people don't get it.

I'm all for a fair tax code, how about a flat tax with no exemptions.

I'm all for the Flat Tax too, bring it on. But be careful what you say about Europe. Greece has the lowest per capita government spending in all of Europe, they just don't collect any taxes.

 

[Godfather]

Lower Taxes = Economic Recovery for all

Look bartard; I didn't say taxes should be raised or lowered. I just said LJ45 is stupid; which he is. That statement is accurate and I stand behind it.

Does this mean I'm stupid too?

Lowering tax rates have worked every time it's been tried. It worked when Reagan did it and it also worked when Clinton did it...yes Clinton, remember that?

When the left does the math, it's always raise taxes and increase spending.

Here's a case in point of what reduced spending does. My home state of the Commonwealth of Virginia is now the #1 state to do business in according to CNBC. Look at all the states that have lowered tax rates and cut spending. Their financial positions improved and budget deficits fell.

Steve Forbes said it best. "By lowering personal and corporate tax rates or establishing a new flat tax plan and national sales tax, the United States Government would increase revenues ten fold as compared to the proposals of increasing rates. By lowering tax rates, you put more money in action by allowing businesses of all sizes to better use their profits in expanding their own business thus expanding the economy by creating more jobs and increasing profits. When you increase profits, tax revenues are increased. When individuals have more money to spend, those businesses benefit a second time. You will create more jobs and the economy will grow by itself if you leave it alone."

Also, why is everyone on the left so afraid of Sarah Palin?

BECAUSE SHE CAN BEAT OBAMA IN THE 2012 ELECTION

BTW, Palin was right about Paul Revere. He also warned the British as well that the Americans were coming...and we did!

So, in the words of Sgt. Hulka from Stripes..."Lighten up Francis."

Let the Tea Party begin...

 

[Godfather]

To have an interesting dialog on politics BOTH parties need:

1- The intellectual capacity to understand complex topics
2- The ability to alter their internal narratives. Put simply, both parties must be willing to change their minds.

As for #1 above, I'll agree with that or its stupid is as stupid does.

As for #2 above, Ask John McCain what happened to him every time he reached across the aisle to compromise...He got his hand broke. When he stepped across the aisle, he got his leg broke. He found out the hard way that there is no such thing as a "moderate" when he lost the 2008 election. And no, you can't blame Sarah Palin for the loss, she was more conservative and much more popular.

 

[LJ45]

I just said LJ45 is stupid; which he is. That statement is accurate and I stand behind it..

Please enlighten me and tell me how you have determined that I’m stupid. Is it because I dare go against your beliefs? Oh, please use some big words so we all know how smart you are. uke: