Originally Posted by
Davetastic
monkey math......
"divide that".....what are you talking about....divide what into what??? to get $5000 of imputed? Ridiculous. You are not computing a solid math argument to substantiate that "your buddy" had no take home pay for a given pay period.
......"it made sense, So,"..... and, "you get there".......is not an argument.
We all know that imputed income sucks and should be done away with but.......I do have a bridge to sell you.
Sigh... Simple math man....
So if you're taxed around 25% then you take the $1250 left over after taxes, union dues and insurance and to get an imputed income amount that equals $1250 you simply divide $1250 by .25 to represent 25%. To prove it work back. If you tax $5000 at 25% what do you get? $1250. So to eliminate $1250 in income you need $5000 in imputed income taxed at 25%.
In ANC over the Summer a last minute gateway from say Jacksonville to Anchorage probably costs over $1000. There are 60 day lines that may have 4 commutes a month. Hotels are probably over $200 a night down there where we stay, so if you're on Reserve that's as much as $3400 for hotels for 17 days... More if you need one Day 0 and Day 18. It can add up depending on how you're used.
In September I had $2500 in imputed income getting from the Southeast to Miami and spending about 7 nights in a MIA hotel. That's MIA with short flights. Gateway is NOT a free benefit. You pay about 25% to Uncle Sam for it AND the company will hold it over our heads as part of our compensation come time for negotiations... When ever that is...