Originally Posted by RonRicco

Many savers also prefer to pay the taxes now while they can more easily afford it as opposed to paying them in retirement, hence why so many people close to retirement still do the Roth or Mega Backdoor Roth.

Originally Posted by CBreezy

With the exception of first year pay, Mesa still makes CONSIDERABLY less than us. So it can't be their pay rates plus 1%

Originally Posted by chrisreedrules

You do realize that regular line-flying regional Captains are making more than our junior narrowbody Captains at legacies right? When I was at my regional it was not too difficult to credit 130-140 hours /month. And you could do that most any month you wanted to. So line-flying regional Captains can easily earn $300,000+ /year right now. Our junior Captains are earning far less than that. Regional LCAs? Some are earning $500,000+ /year.

So no… Regional pilots are NOT making considerably less than legacy pilots. Why legacy pilots aren’t pushing to have all of the regional flying absorbed at this point is mind boggling to me. Legacy pilots are squabbling over 20% raises over 3 years (AA ) and Tumi bags. Meanwhile 20% STILL won’t allow most junior FOs and junior CAs at legacies to out-earn regional pilots.

Originally Posted by chrisreedrules

You do realize that regular line-flying regional Captains are making more than our junior narrowbody Captains at legacies right? When I was at my regional it was not too difficult to credit 130-140 hours /month. And you could do that most any month you wanted to. So line-flying regional Captains can easily earn $300,000+ /year right now. Our junior Captains are earning far less than that. Regional LCAs? Some are earning $500,000+ /year.

So no… Regional pilots are NOT making considerably less than legacy pilots. Why legacy pilots aren’t pushing to have all of the regional flying absorbed at this point is mind boggling to me. Legacy pilots are squabbling over 20% raises over 3 years (AA ) and Tumi bags. Meanwhile 20% STILL won’t allow most junior FOs and junior CAs at legacies to out-earn regional pilots.

Originally Posted by RonRicco

…(well, I won’t put anything past the government)…

Originally Posted by CBreezy

I didn't say all regionals. I said Mesa which is what the original comment was based on. And Mesa CA are still making less than first officers at Delta at normal rates. They don't even break 200/hr until year 15.

Originally Posted by Jdub2

Ok well can we get half of what the Mesa guys got?

Originally Posted by captnate702

I’m sure the republicans would love to support union’s getting a combined 30% direct contribution l to their retirement. AOC and Bernie would also support taxpayers subsidizing the retirements of pilots making over $300k a year. Sounds like a political winner to me.

Fact is, what the industry should be laser focused on is separating commercial airlines from the RLA so that we can actually flex our organized strength as a labor group. Problem is, we are already by far the highest paid pilots in the world and I can’t imagine a bill like this getting 60 votes to get through a filibuster. Idk how renconcilation or whatever works where you can avoid the filibuster like the dems just did, but maybe that would work.

Either way, as long as we are bound by the RLA pilots will not be allowed to strike on a significant scale. The politicos will never allow that.

Originally Posted by CBreezy

So you want first officers to top out at 60/hr and CA at 110?

Originally Posted by TED74

I’d be interested to hear more about this. Why the disdain?

My finance guy can’t wait for me to have this thing up and running to shield more money from income tax since we’re about out of options. Sure, the risk/return profile isn’t what I’d want for my whole nest egg, but the MBCBP money will only make up a tiny fraction of the whole and can be offset elsewhere to keep an appropriate diversification profile. ~40% tax deferral on state and federal sounds pretty good to me on money that would otherwise be getting hit broadside at the highest rate.

What am I missing?

Originally Posted by TED74

To be clear, getting DC as cash instead of into a MBCBP is not analogous to ROTH. You will pay taxes now AND on the earnings later.