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Originally Posted by Buck Rogers
(Post 2632821)
......I take home less than 50% of each additional dollar earned
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Originally Posted by Hossharris
(Post 2632835)
Throw me in that briar patch !
Really my point was that several have stated "I want this, it affectss everyone equally" that may or may not be correct.....keep an open mind on all matters and pray that the resources of ALPA exceed mine |
Originally Posted by Buck Rogers
(Post 2632821)
Well, not quibbling but in 2017...
"How much is the federal income tax rate? ....... I take home less than 50% of each additional dollar earned In 1980, the top marginal rate was 70%. In 1962, the top marginal rate was 92%. How are any of them relevant to 2018? In fact, by the time any of the ideas are implemented we will be concerned with 2019 and beyond tax rates. Please be honest with the math, so the validity of the argument isn't diluted. I'm with you on this, let's use facts relevant to the problem we are trying to solve. The top marginal tax rate for most of the high earning pilots is 32.9% federal (315-400k), there are some who will exceed that with Delta alone and quite a few with outside income or working spouses who are in 37.9% federal range. The state additive is more unique and varies from 0-10%. WRT the 50% comment, congrats for having that problem. You need to find a non W-2 source of income. I sound like a broken record on these forums, but owning income producing real estate is the best way to make money and build wealth. It far exceeds any DC Backdoor Mega 415c Roth Pension VB Annuity plan in existence. |
Originally Posted by Dorn
(Post 2632780)
Let’s not forget the real elephant in the room with 401k’s. The traditional 401k v Roth, is the real killer imo. I’ve done all I can to put away as much as I can into the Roth portions my entire career. ( yes one day soon I’ll hit that limit and won’t qualify anymore).
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Gunfighter,
Totally understand about the tax % and I don't think I have tried to say that the majority of pilots do pay ??????. I can unequivocally state that I did last year....I will have to see what this year brings. As far as your proselytizing about investment property..I agree. Unfortunately, being of years approaching senility and the relative high property values , my opportunity is limited( your opinion may vary but I did cut and paste the ideas that you were involved with and forwarded them to my kids). Time value of money and the rule of 72 becomes magical if you have a long time horizon. If the years are limited the results "appear" ho, hum and carrying investment mortgage liability can be a little daunting if you have no current income other than SS and frozen DB/PBGC It is a slippery slope....would I be for retirement medical? yes. Do I expect somebody that did their "sentence" and has Tricare to feel the same way? Absolutely not. Again that is my point. We are all different but it is up to the MEC to bring forth the bestest! Will everyone be happy? No. But would an outside observer say "that helps the most pilots in the most equitable fashion".....that's prolly good Pay banding?,....prolly good, but some will get hurt......solution? Ease it in with at least 3 years notice so that pilots can take advantage of their seniority and bid accordingly over 3 years(otherwise the 777 capt is subsidizing "juniors " huge pay bump)....(No, I am not a 777 capt trying to protect my turf, not even in the 330/765 cat) |
Amen!! Automatic NO vote for me if there is a DB plan on this next contract.
Originally Posted by NavyFlyer
(Post 2632115)
I think we can all agree that you deadzoners got hosed by both timing and circumstance. You gave up a lot in order to save your jobs and the company. Me, and many others, wouldn’t be here without your sacrifices. So thank you, sincerely, for paving the way for the future pilots and employees here at Delta Air Lines. I enjoy my job and flying/learning alongside you all.
No, you will not receive any more money/benefits/windfall on this contract due to your poor timing and circumstance. Life happens, and we can all agree that your misfortune wasn’t planned. Thus, our futures aren’t planned either, and hopefully most of us are saving and planning on our future screw jobs from both the company, stock market, timing, technology changes, etc. As you can attest, life happens, and it will for us as well. While flying alongside you guys, most of us have learned NOT to trust others with our money (DB), live on half of what we make in case we get sick, and expect to live through another 9/11, etc. You’ve told us that the future is bright... until it’s not. So prepare for a turbulent career and be pleasantly surprised if it all works out in the end. The only equitable solution regarding upcoming negotiations is to increase everyone’s pay, defined contributions, soft time, QOL, sick/vacation, etc EQUALLY. Everyone is a winner, and can choose their investment strategies individually. Real estate, dividends, index funds or hookers and blow. It doesn’t really matter, because we ALL get a raise. Any union that robs Peter to pay Paul is sealing its own fate. Any fake letters or ridiculous posts by Jerry just inflame a pilot group that can easily navigate to the most simple, pure and easy solution right in front of them: Pay and DC raises for all! QOL improvements for all. Sick and vacation increases, etc. Let’s all accept that life isn’t fair, and learn from the circumstances of those before us. Let’s hope we can compensate those who took it on the chin well enough to allow them to recover as much as possible before they retire. I know it sounds like I don’t care, but I’m just being honest. If anyone from the MEC reads this crap, know that you will LOSE the bottom half of this pilot group if you decide to benefit one group over another or introduce a DB. Simple solutions and fast results have the added benefit of helping deadzoners enjoy more “recovery” time, too! So let’s work together to get paid. And please, no more fake/dumb/ineffective letters from Jerry/gszg. Sent from my iPad using Tapatalk |
Originally Posted by Gunfighter
(Post 2632869)
In 1980, the top marginal rate was 70%. In 1962, the top marginal rate was 92%. How are any of them relevant to 2018? In fact, by the time any of the ideas are implemented we will be concerned with 2019 and beyond tax rates. Please be honest with the math, so the validity of the argument isn't diluted.
I was as honest as I understood the info and when you "enlightened" me;) I readily acknowledged it. How bout that .9% tax(Obamacare) that is a fact, yes? You try to paint it as I was purposely misleading ie purposely dishonest. I don't paint you as dishonest when you failed to mention that .9% We can all agree taxes can be a *****(thanks guys, I don't need to hear about first world problems) I think this would be a better place if people got the benefit of the doubt until they have proven that they have nefarious/malicious intent All you stalkers . Notice the copious emoticons? Don't make me have to say, "Lighten up, Francis".....no malicious intent intended:( PS: There were copious emoticons until the program said I was limited to three. Had to redact numerous. I think it is a nefarious plot to subvert my warped sense of humor. Cheers |
Nobody is stalking anyone. Maybe you should bid off the a420 canabus
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Originally Posted by deadseal
(Post 2632948)
Nobody is stalking anyone. Maybe you should bid off the a420 canabus
Denny |
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