Originally Posted by
PilotJ3
I rather have a bigger paycheck than PS. Considering also that PS has a higher tax bill than regular wages.
The more I make, the less I work. The less I work, the more time I have to live.
Profit sharing is taxed as regular income. The initial tax withholding (what that takeout in Feb) is actually at a LOWER rate for most pilots than what they actually pay when it’s all said and done when you file.