Legacy Bashfest - Bring it on!

[GEXDriver]

Sky GIrl,
I have no bone to pick with the guy (except that he is wrong on some of his assertions).

Ace

I dunno...seems personal to me.

I seem to remember that bonus depreciation is done on new aircraft and tax deferral with like kind exchanges is what you do with old ones. Maybe you're both right. In any case, I think you two are the only ones on this board who care, with the possible exception of that headcase - LegacyDriver.

 

[Ace-of-the-Base]

In any case, I think you two are the only ones on this board who care, with the possible exception of that headcase - LegacyDriver.

GEX,

I only care because it is in my personal interest to study and understand the cost structure of my corporate flight department. Being informed has kept me employed continuously for the past 30 years. I think everyone in this industry in this day and age must realize that how the flight department runs financially is key to its survival. A lot of folks were caught with their pants down when the fractionals started showing board members how they could do it for less through them. Without the in-depth knowledge, those guys couldn't debate the issue and were on the street. You can live in a vacuum, but for me, information is power.


Ace

 

[CatYaaak]

GEX,

I only care because it is in my personal interest to study and understand the cost structure of my corporate flight department. Being informed has kept me employed continuously for the past 30 years. I think everyone in this industry in this day and age must realize that how the flight department runs financially is key to its survival. A lot of folks were caught with their pants down when the fractionals started showing board members how they could do it for less through them. Without the in-depth knowledge, those guys couldn't debate the issue and were on the street. You can live in a vacuum, but for me, information is power.


Ace

This financial debate would perhaps be relevant if we were comparing similar products, however.........a WSofD is STILL a WSof D, no matter how you slice the tax code.

 

[NJAFracPilot]

GEX,

A lot of folks were caught with their pants down when the fractionals started showing board members how they could do it for less through them. Without the in-depth knowledge, those guys couldn't debate the issue and were on the street. You can live in a vacuum, but for me, information is power.


Ace

The fractionals only replaced a few flight departments that needed to be replaced. Mainly, what we did was get a whole lot of people into jet airplanes who ordinarily couldn't afford them. By doing that, we created a bunch of new pilot jobs. A lot of our customers eventually buy their own airplanes and create more pilot jobs.

For the record, I think GV is right.

I never thought I'd miss LegacyDriver telling us that the Whistling Sh!tCan of Death had the interior volume of a Boeing 747, the cruise speed of a SR-71, and only cost as much as a Piper Cub.

You're kind of the LegacyDriver of the tax code. Let it go, dude. Nobody gives a sh!t.

LegacyDriver I apologize, please come back!

 

[Ace-of-the-Base]

Let it go, dude. Nobody gives a sh!t.

I am SO glad I don't work with people with your attitude.

Ace

 

[Muddauber]

Ace,

Here's a website for you to take this discussion to, pardner:

http://accounting.com/

Now, can we get back to talking about airplanes?

Muddy

 

[Uncle Sparky]

Ace,

Here's a website for you to take this discussion to, pardner:

http://accounting.com/

Now, can we get back to talking about airplanes?

Muddy

....yeah good point!!!....and just think......just when it seemed as though this thread was REALLY starting to turn into something productive, these guys jump in with some silly conversation about numbers or something!! Maybe these hi-jackers should start a new one titled "Financing for the Rich" so that the rest of us can get back to more important stuff like....bashing some brainwashed bucket driver!!

.....anyone know what the site record is for the longest thread?

 

[fokkerjet]

.....anyone know what the site record is for the longest thread?

If the category is "Meaningless Dribble", this thread has it hands down

AcroChik......skins were taken away a long time ago!

 

[Ace-of-the-Base]

If the category is "Meaningless Dribble", this thread has it hands down

AcroChik......skins were taken away a long time ago!

I am facinated with how ya'll put down the length and pointlessness of a thread by posting several pointless posts. It makes me smile.

Ace

 

[NJAFracPilot]

I am facinated with how ya'll put down the length and pointlessness of a thread by posting several pointless posts. It makes me smile.

Ace

Yeah, we're all a bunch of silly ba$tards, you're the only smart one here.