[Breeze] Airways

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10-25-2022 | 05:01 AM

#3481

bonvoyage

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Joined: Jan 2022

Posts: 576

Likes: 13

Quote:

Originally Posted by Tpinks

For me, this “raise” has resulted in a reduction of over $2500 in net income because of the tax brackets I have now been pushed into.

Quote:

Originally Posted by Duckdude

Getting a raise and being pushed into a higher tax bracket doesn’t reduce your net pay. The higher tax rate only applies to the AGI you make above that amount.

Being able to twist any positive into a negative is an integral part of being an airline pilot

10-25-2022 | 06:27 AM

#3482

Naviator

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Joined: Oct 2017

Posts: 262

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Quote:

Originally Posted by sailingfun

Unless you get audited! It doesn’t matter how the company lists the income. If there was a way to do this legally every airline would do it. If for example you are provided a company car to drive to and from work you have to determine the value of the use of that car and claim it as imputed income. Same if you get a company paid life insurance policy.

thats the point. It won’t be listed as income. It will show as a reimbursed expense which is not taxable.

10-25-2022 | 09:28 AM

#3483

sailingfun

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Joined: Feb 2008

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Quote:

Originally Posted by Naviator

thats the point. It won’t be listed as income. It will show as a reimbursed expense which is not taxable.

This will be my last post on the subject. The expense is not tax deductible. If you get reimbursed for a non deductible expense that reimbursement is taxable income no matter what Breeze is telling you. If it were this easy to shelter income from the IRS every company would be doing it.

10-25-2022 | 04:58 PM

#3484

mkitrn

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Joined: Feb 2019

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Quote:

Originally Posted by sailingfun

money that is reimbursed to the individual in a check yes. Charges put on a company card linked to a company account no. If what you were saying for expense cards linked to a corporate account was true every corporate rep that took a client out to lunch or bought her a cab and hotel room would pay taxes on that (they don’t)

10-26-2022 | 07:36 AM

#3485

sailingfun

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Joined: Feb 2008

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Quote:

Originally Posted by mkitrn

I thought it was my last post. Oh well! They don’t pay taxes on the items you just mentioned because they are TAX DEDUCTIBLE EXPENSES. Commuting expenses are not now nor ever have been deductible. It also does not matter if the company provides you the funds via a check, credit card, bubble gum futures or gold. It’s all income to the IRS.

10-26-2022 | 11:41 AM

#3486

Soyargento

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Joined: Nov 2015

Posts: 25

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PBS

Hi guys, not sure if this was discussed , but does the company have PBS right now ?
How about junior / senior bases on the E jet?
Also I understand that the company uses flightsafety Sims in Slc, Correct?

Thanks in advance .