Will Obama help or hurt Fractionals

[gunfyter]

Estate tax bad for fractionals....

Will have to sell jet shares and ride in coach to pay the taxes!

 

[gutshotdraw]

Do any of you still think McCain will win? If so, you're dreaming.

The Brother from Another Planet is coming.

I wish I had flown more overtime this year. Next year, I'll have to give another 10% to Barry and Joe. After all, it's the "patriotic" thing to do.

 

[RTRHD]

Do any of you still think McCain will win? If so, you're dreaming.

The Brother from Another Planet is coming.

I wish I had flown more overtime this year. Next year, I'll have to give another 10% to Barry and Joe. After all, it's the "patriotic" thing to do.

A Bottle of Vino or a twelve pack on the Swabbo.

 

[gutshotdraw]

Cabernet amigo. You're on.

Better hide your wallet in the safe with your "tools." He's coming to get those, too.

 

[CA1900]

I wish I had flown more overtime this year. Next year, I'll have to give another 10% to Barry and Joe.

Probably, but it'll be to pay for the party that George and Dick already had.

 

[jetwash]

Here is another election tax calculator


http://www.electiontaxes.com/

 

[gunfyter]

Here is another election tax calculator


http://www.electiontaxes.com/

I pay $4200 more under Obama than McCain per year.

This is due to Obama raising the cap on Social Security taxes. So if you make more than $102K ... this calculator does not include the extra SS taxes you will pay.... Which will be another 3 to 6 K per year for the average NJ captain.

 

[gutshotdraw]

Exactamundo. Which is why The Messiah is a LIAR when he says he's only going to raise taxes on those making more than $250,000

 

[jetwash]

I pay $4200 more under Obama than McCain per year.

This is due to Obama raising the cap on Social Security taxes. So if you make more than $102K ... this calculator does not include the extra SS taxes you will pay.... Which will be another 3 to 6 K per year for the average NJ captain.

Did you include the tax that McCain will put on your health care benefits that your employer gives you?

Since Netjets pays your health care benefits you will under McCain have to pay tax on them as if they were income. So if they are worth $15,000 per year your taxable income will be increased by the value of the benefit.

 

[Sparse]

Did you include the tax that McCain will put on your health care benefits that your employer gives you?

Since Netjets pays your health care benefits you will under McCain have to pay tax on them as if they were income. So if they are worth $15,000 per year your taxable income will be increased by the value of the benefit.

I would check the facts before I quote a sound bite you heard on CNN or MSNBC. If your employer gave you an allowance for your auto and homeowners insurance, should it be taxed? If they did, would you still shop around for the best deal? Imagine if we all went out with a health insurance allowance and purchased health insurance. Don't you think that might spur competition?

The statement: At a campaign stop Thursday, September 25, in Greensburg, Pennsylvania, Sen. Joe Biden said Sen. John McCain is "proposing the largest increase on middle-class taxpayers in American history." Pointing to McCain's plan to tax what people pay for employer-provided health plans, Biden said, "It will cost the middle class over the next four years over one trillion dollars in additional taxes."
Get the facts!


The facts: McCain's health-care plan does call for ending the tax-free status of employer-provided health plans. But it also offers a tax credit of $2,500 per individual and $5,000 per family. The McCain campaign says the plan could help give people more choices.
The nonpartisan Tax Policy Center, which the Obama campaign has cited at times to back up some of its assertions about taxes, has analyzed both McCain and Obama's health-care plans. The center says the McCain tax credits are "initially very generous compared with current law." So, as CNNMoney reported earlier this month, "initially it may be a break for many."
But the Tax Policy Center says that over time, the tax credits may not grow as quickly as health-care costs, so the advantage for some taxpayers may be eroded. Still, in charts analyzing how the McCain health plan may affect taxpayers, the center predicts the plan would be a net tax cut for all Americans through 2013, and a net tax cut for the middle class through 2018, though people at higher income levels would be paying more in taxes by then. (The analysis does not go beyond 2018.)
The McCain campaign has said McCain's health plan would cost about $3.6 trillion over 10 years, and be paid for by eliminating the tax breaks for employer-provided health plans. The Obama campaign argues that that roughly translates to a trillion dollars that workers would be paying in new taxes within four years. But those figures do not include what the McCain plan would hand back out through tax credits. And the trillion dollar figure that the Obama camp points to would apply to all Americans, not just the "middle class."
In information sent to CNN, the Obama campaign also argues that the plan the Tax Policy Center studied differs from the one McCain describes on the stump. The Obama campaign says that McCain contends his plan's costs would be covered, while the center says it would add $1.3 trillion to the deficit. Here's what the center says about long-term costs: "Under our assumptions, if the (health) plans took effect in 2009, the McCain plan would cost about $1.3 trillion over 10 years and the Obama plan would cost about $1.6 trillion."
Ben Harris with the Tax Policy Center told CNN he sees no basis for Biden's assertions that McCain's health plan amounts to the "largest increase" ever on U.S. middle-class taxpayers or that it would cost the middle class over a trillion dollars in taxes over the next four years.
Verdict: False. Biden's characterization ignores McCain's plan to provide tax credits.

 

[gunfyter]

No I forgot.

So the company sent a letter saying the health benefite were worth about $10k a few months ago.

I pay $2500 in tax on that and collect a $5K McCain tax credit ...

Carry the one ...


uhhh .... Obama costs me $6700 per year more than McCain!

$6700 Dollars. Do you realize that means I might have to drive a 3 Series instead of a 7 Series BMW?

 

[nerdpilot]

Who of you were so sure about voting for bush the last two terms???? Guess you are only hoping for an average that will get you in the hall of fame in baseball. I am a small fish and will always be a small fish.....................I believe the Democrats by only a small fraction......are for the small fish. Oversimplifly this.

 

[YankeeEcho]

Do any of you still think McCain will win? If so, you're dreaming.

Absolutely!! McCain will prevail!

 

[Bronco Buster]

I went to the McCain website to look at his healthcare proposal. It appears that you only get the tax credit if you actually purchase your own health insurance, and in that case the money goes directly to health insurer. Since these days a good health insurance policy for a family will cost you at least $1100 per month, I don't foresee many folks with a family and or advanced age giving up their company plan for the self insure option. The perverse effect of this however will be for the young, single, healthy individuals to leave the company plans thereby increasing the costs for those that remain in the company plans. A good example of this is what has happened to the pilot health insurance plan at Delta Airlines where the retired folks were put in a separate risk pool (payback for many of those folks taking the lump sum and contributing to the elimination of the defined benefit plan) with significantly higher premiums. In response to Gunfyter, I estimate that the average Netjets captain makes $130000 a year so his/her SS tax would go up approx $1700 under the Obama plan (6.2% SS tax times $13000-$102000).

 

[skiandsurf]

Who of you were so sure about voting for bush the last two terms???? Guess you are only hoping for an average that will get you in the hall of fame in baseball. I am a small fish and will always be a small fish.....................I believe the Democrats by only a small fraction......are for the small fish. Oversimplifly this.

This is the biggest misconception about the democrats. They are not for "the little guy", they are out for themselves. They dont care about you or me, they may tell you that they care, but they dont. Biden says it "patriotic to pay more taxes". Then why doesnt Oprah and Buffett (Obamas big supporters) show their patriotism by paying off the Wall Street problems. Because they dont care about you or me.

Now, dont get me wrong, the republicans are just the same. Its all talk, and misconception.

If the wealthy dems cared about us, why dont they let us live in their houses (for free), or use their private jets for our vacation. Why does Will Ferrell (big time Dem) make so much money, yet charge us so much to see the movie. If hollywood cared, they wouldnt charge so much to see their crappy movies. They are looking out for themselves to make money, then they go to these democratic fundraisers to make you think that they care.....THEY DONT CARE ABOUT YOU AND ME.

For me, this election comes down to character. Obama has some characters in his past (the reverend and the terrorist) that I dont trust.

McCain may not be the answer, but I trust his character.