Originally Posted by
bugman61
Minor point, but the tax savings to the company for mbcbp is only 1.45% for Medicare. The 6.2% social security is only paid up to the wage cap (currently $147k). Anyone who is getting excess dc money has already hit that amount and the company is no longer paying 6.2% regardless of where the money goes.
All True. Limits are unchanged. But the company still gets to use a 25% deduction in the numbers. 9% on the table remains to the taxman. The cutoff doesn’t change, but in total compensation it does matter a massive amount over 14k+ pilots, especially at 2400/yr at year one pay.