Originally Posted by
fdx727pilot
No, that is the "gross-up" concept. If you owe $6000 extra (above your assumed stateside burden,) and PW figures you are in, say the 33% tax bracket, they "gross-up" the $6000 to $9000. $6000 pays the original tax burden, while the remaining $3000 pays the tax on the $9000 extra tax money. See the multiple posts above, esp 27 & 34. Come on. You seem like a pretty smart guy. I'm junior to you, no point in giving an aneurysm!!
That is not how it was explained to me........I'll concede I fairly smart, but I am not a tax expert. I guess the point I was trying to make was a Pilot might be paying in some cases an addtional $2,000-$,3000 addtional in a tax burden, which is far better the $15,000-20,000
I think we can both agree that it is a necessary thing for us to have!