Industry Leading without Profit Sharing??
10-03-2014, 03:13 PM
#111
Gets Weekends Off
Joined APC: Aug 2007
Position: 737 CA MIA
Posts: 1,042
Originally Posted by eaglefly
Good luck. Those who've forged forward before you and tried to get specifics got little. Those who have communicated to the leadership how important an improved LTD benefit is, have been met with silence. LTD improvements are noticeably absent from APA's initial JCBA proposal to management and it seems to be an issue that's "confidential, on the Q.T. and very,........hush, hush". 
I think collectively, we'll get nothing and like it.
I think collectively, we'll get nothing and like it.
You signed a flow thru contract. An arbitrator awarded you more for your delayed flow. Now you want more?
You were not furloughed.
The furloughees deserve LOS before any Flow thru.
Jeez, the greed.
7576FO
Whoops my apology, I read LOS into your post instead of LTD. Sorry. My bad
10-03-2014, 03:57 PM
#112
Banned
Joined APC: Jun 2008
Posts: 8,350
Originally Posted by 7576FO
You signed a flow thru contract. An arbitrator awarded you more for your delayed flow. Now you want more?
You were not furloughed.
The furloughees deserve LOS before any Flow thru.
Jeez, the greed.
7576FO
Whoops my apology, I read LOS into your post instead of LTD. Sorry. My bad
You were not furloughed.
The furloughees deserve LOS before any Flow thru.
Jeez, the greed.
7576FO
Whoops my apology, I read LOS into your post instead of LTD. Sorry. My bad
10-03-2014, 04:08 PM
#113
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,104
Originally Posted by eaglefly
It's O.K, I'm used to being kicked in the nuts here before my posts are fully understood. I've also accepted that many native AA pilots will never see me as anything more then an unworthy carpetbagger here too. It is what it is.
10-03-2014, 06:54 PM
#114
Flies With The Hat On
Joined APC: Aug 2006
Position: Right of the Left Seat
Posts: 1,339
Originally Posted by Thedude
I just got a shock today when I was doing some research on LTD.
Since it is provided by contractual means, LTD payments are taxable. Which means you will get approx 42% of you pre-tax income and the monthly payment is capped at $8000 prior to tax.
Or an income of $160k would be approx $112k after taxes (max value for LTD).
$8k per month (LTD max payment) is approx $96k per year.
Now since that is taxable it drops to $67k after tax.
Here is the real kicker, if you get any income through any other means. ie buy up via another LTD policy or just plain work.
AMR will reduce the LTD payments so that you still only get a total of $8000 from all sources.
Ouch.
Since it is provided by contractual means, LTD payments are taxable. Which means you will get approx 42% of you pre-tax income and the monthly payment is capped at $8000 prior to tax.
Or an income of $160k would be approx $112k after taxes (max value for LTD).
$8k per month (LTD max payment) is approx $96k per year.
Now since that is taxable it drops to $67k after tax.
Here is the real kicker, if you get any income through any other means. ie buy up via another LTD policy or just plain work.
AMR will reduce the LTD payments so that you still only get a total of $8000 from all sources.
Ouch.
Start an LCC, and don't get paid.
Sent from my iPad using Tapatalk
10-04-2014, 12:12 AM
#116
Banned
Joined APC: Jun 2008
Posts: 8,350
Originally Posted by Name User
To be fair, a lot of what you've written has turned out to be completely wrong. You're a "glass completely empty with a hole in the bottom" guy. Your posts are great, they expand my vocabulary better than my word-a-day toilet paper.
10-04-2014, 07:58 AM
#119
Gets Weekends Off
Joined APC: Jul 2011
Position: Airbus button pusher
Posts: 2,448
Originally Posted by eaglefly
Why that's the nicest thing you've ever offered to toss at me. 
My only concern is at what speed it would impact at.
My only concern is at what speed it would impact at.
10-04-2014, 08:36 AM
#120
Line Holder
Joined APC: Feb 2014
Posts: 62
Originally Posted by Thedude
??? Did you mean an LLC? I have never delved into the depths of an LLC or a type S corp but I am pretty sure it doesn't work that way.
Unfortunately, this is a loophole and many people take advantage of programs like disability, unemployment, workmans comp, etc....
Thread
Thread Starter
Forum
Replies
Last Post
