Legacy Bashfest - Bring it on!

[aeronautic1]

This thread

WAFWOT !

 

[AA717driver]

Then don't read it. There are plenty of technical message boards or Michael Jackson and Martha Steward boards. Howabout ESPN.com? Lots of stuff to read if you don't want to read about the WSCoD.TC

 

[Brett Hull]

Calling all computer nerds

Apparantly I'm not up to speed on my computer nerd lingo. What's WAFWOT mean?

 

[bigD]

WAFWOT=What A F'in Waste Of Time

Personally, I think this thread is hilarious, and informative too!

 

[GVFlyer]

I'm sorry but the Jetstar beats em all!!!!!!!!!

The military version of the Jetstar was the VC140/C-140B and was powered by the Pratt & Whitney JT12's which meant you couldn't stay in one long enough to get uncomfortable. The Air Force didn't re-engine them with the Garrett Air Research engines that came on the Jetstar II because to have done so would have extended their service life and postponed the acquisition of the C-20A/B's (G-III). The Lockheed was a solid airplane.

GV

 

[murfdawg998]

I looked at the WSofD in your avatar. Third World POS is the first thing that comes to mind; WEASEL if I'm feeling charitable.

took the words right outta my mouth!! haha

 

[suen1843]

Another poster somewhere around here mentioned that the Legacy is a vehicle manufactured by Subaru.

Read it BACKWARDS u r a bus

I think most people who can afford it would rather ride in a limo, not a bus!

 

[banned username 2]

This thread is like a cockroach, it just won't die!

WSofD!

 

[GEXDriver]

GV, I usually like what you write, but YOU are the one who is naive here:



1. In a lease, the lessee does not get the depreciation because the bank does and it figures directly into the lease payment.



2. Depreciation is only tax DEFERRAL, not a write-off. This means that you are only deferring the tax payment and therefore, can only look at the time-value of the money that is deferred. Some then talk about like-kind exchange, this also needs to be closely scrutinized as the basis in the newly acquired aircraft is less the amount of the deferral, and so is the amount that is depreciated (deferred.)



Also, this bonus is only for purchases of new aircraft and they must be put into service by the end of 2005 (backlog at Gulfstream prevents this.)



Nice try, though.



Ace

I went to my accountant today to discuss strategies to avoid the Alternative Minimum Tax, determine what investments to sell in this tax year, how to be taxed at capital gains rate rather than at normal rate on these sales and so on.

I was curious, so I took a screen dump of GV's tax posts on bonus depreciation with me. My tax professional said that everything that GV posted was correct.

 

[LegacyDriver]

All I can say is the Gulfstream cabin is not enough of an improvement to matter to me. I still have to crouch to walk through it, it is nearly identical aesthetically, and the baggage compartment is puny. Yes, this week I flew 15 ppl and we filled every inch of the baggage compartment. EVERY INCH. Thank gawd EMB was smart enough to leave it big. Leftover from the RJ you say, but glad to have it.

Long live the Legacy!