NJA hiring for 09

[DougTriMtrDrvr]

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,

R

Surely Mr Buffett has considered his participation with the O campaign to be complementary to his interests in NJA.

Oh wait now Mr. B finds he was overly enthusiastic about the fractional business.

The more I know the more confused I become!

 

[pilotyip]

The more I know the more confused I become!

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.

 

[NachoMamma]

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.

Hasn't this already been the case for a long time?

 

[pilotyip]

Hasn't this already been the case for a long time?

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.

 

[glasspilot]

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.

 

[gunfyter]

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 are forgetting the the Payroll taxes of near 15% that you have to pay yourself if you are self employed golfer lets say... So add that to your 39.6% and you are at near 55% tax rate.

 

[shroomwell]

Don't fall for the B.S. If BO is elected NJ owners will not even notice a tax increase if there is one. Most people that wealthy pay there taxes based on capital gains.


The ones who will notice are the people who make over 250k in salary. That would probably include several senior guys at NJ.

 

[shroomwell]

Gun fighter, you only pay SS/FICA (payroll) on your first 80 or 90k, after that there is none. For instance, of you are a professional athlete making 200k a month. You pay payroll taxes on your first paycheck, after that there is no more, you maxed out.

The payroll tax is a joke.

 

[Pervis]

Really amazing how blind we can be. If people had to pay one bill for all taxes combined at the end of the year, we would have a revolution today. Medicare, Social Security, state, local, and sales tax in Ohio total 19.5% alone. Add federal, gas, and others I no doubt missed and I'll pay way more than any "middle class" person should pay.

Why don't we consider the total tax bill? Because it's all taken bit by bit? And my local area is seeking several new tax levies on the November ballot. When are we going to tell our elected officials that enough is enough? Obama says it's good to "share the wealth". Biden says it's patriotic to pay taxes.

They all spend with total abandon, and we agrue semantics? We all pay too much in taxes. Even those who pay zero federal taxes pay the other tax categories. Are we ever going to wise up and get rid of all career politicians and elect someone truely interested in serving our country? I doubt it.

 

[pilotyip]

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 number