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Old 09-05-2022 | 06:32 AM
  #321  
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Originally Posted by FangsF15
He (and others) talking about the percentage.

Let’s not lose the forest for the trees here folks.
And I'm telling you it's ridiculous to say just because Mesa, one of the worst paying regional for decades, got a 100% raise means we should get anywhere near that. It's comical that anyone suggests that in earnest..
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Old 09-05-2022 | 06:34 AM
  #322  
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Originally Posted by RonRicco
If you are in a high tax state, that is certainly a factor. Like anything else, there are a lot of considerations. Do you think tax rates are going up? How much tax deferred savings do you already have? How much “never taxed again” (well, I won’t put anything past the government) savings do you have?

In retirement many will play the tax bracket game. Having Roth or cash to avoid creeping into the next bracket makes this possible.

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.
I suspect in the next 10 or 15 years the government will come after the earnings portion of the Roth and tax it. The only thing that might stop it is how many politicians have a Roth.
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Old 09-05-2022 | 06:43 AM
  #323  
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Originally Posted by sailingfun
I suspect in the next 10 or 15 years the government will come after the earnings portion of the Roth and tax it. The only thing that might stop it is how many politicians have a Roth.
If there is anything both left and right within the population agree on is that Roth should be tax free. Any side that proposes it will be political suicide.

Side note: they may still try to eliminate the Roth conversion of high income individuals and restrict options within the Roth that are really only available to people like Peter Thiel.
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Old 09-05-2022 | 07:19 AM
  #324  
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Originally Posted by CBreezy
If there is anything both left and right within the population agree on is that Roth should be tax free. Any side that proposes it will be political suicide.

Side note: they may still try to eliminate the Roth conversion of high income individuals and restrict options within the Roth that are really only available to people like Peter Thiel.
Agree in principle but not in practice. They will have a carve out and sell it as only taxing the rich. Only 35% of US households have any type of IRA(traditional or Roth) So, you can "buy" more votes by "taxing the rich" than you will lose from the "rich" that get their ox gored by the rule change. If the .gov needs money, there is a finite number of ways to get it. You can tax corp and/or cut off subsidies and/or eliminate the tax loss carry forward....but those businesses will just pass it on to the consumer. Inflation is the #1 concern of Americans...you think that will help? They have already changed the rules on Roth IRA distributions.....why do you think they will balk at changing the rules combined with a means test? What ever they do, you will prolly get caught up in the machinations.
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Old 09-05-2022 | 07:31 AM
  #325  
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Originally Posted by CBreezy
And I'm telling you it's ridiculous to say just because Mesa, one of the worst paying regional for decades, got a 100% raise means we should get anywhere near that. It's comical that anyone suggests that in earnest..
Dude, no one said we should get a100% pay raise. Throttle back a bit. The guy responded to “what would surprise you”, with “mesa +1%”. It’s almost like you enjoy fighting people.

With that said wth is wrong with using mesa in our negotiations?

I fully expect Alpa to capitalize the hell out of all the regional bumps. It doesn’t matter if it’s unsustainable for them. Make hay while the sun is shining.
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Old 09-05-2022 | 07:32 AM
  #326  
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Originally Posted by CBreezy
And I'm telling you it's ridiculous to say just because Mesa, one of the worst paying regional for decades, got a 100% raise means we should get anywhere near that. It's comical that anyone suggests that in earnest..
Okay CBreezy, I really didn't want to start this, but here goes.

There's always the argument that Delta can't afford what we are asking for. I agree at current ticket prices. Like everything else these days, we will have to pass the costs to the consumer. Doing some quick math in public (I know, I know) let's say the average Delta pilot makes $300,000/yr. in pay and benefits X 14,500 pilots = $4.35B / yr. We fly roughly 150M pax/yr. (low estimate) so that equates to $29/pax. I’ve been in line at the ticket counter where the passenger throws down $50, $100 or more to check bags without batting an eye.

We will get what we demand and so will AA, UA, SW and the others. Look what’s happening at the regionals. They don’t have enough pilots because we are taking them. We are in a unique position to capitalize on the short supply of pilots and return this profession to the level that our elders enjoyed.

Okay guys, let me have it…

BD
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Old 09-05-2022 | 07:37 AM
  #327  
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Originally Posted by Hubcapped
Dude, no one said we should get a100% pay raise. Throttle back a bit. The guy responded to “what would surprise you”, with “mesa +1%”. It’s almost like you enjoy fighting people.

With that said wth is wrong with using mesa in our negotiations?

I fully expect Alpa to capitalize the hell out of all the regional bumps. It doesn’t matter if it’s unsustainable for them. Make hay while the sun is shining.
The line of comments was "I'm voting no unless something surprises me" and then "Mesa + 1%" would surprise me basically saying I'm voting no unless Mesa + 1%. And I'm saying that voting no unless you get a 100% raise is dumb and counterproductive
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Old 09-05-2022 | 07:39 AM
  #328  
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Originally Posted by sailingfun
I suspect in the next 10 or 15 years the government will come after the earnings portion of the Roth and tax it. The only thing that might stop it is how many politicians have a Roth.
Sailing,
I can't believe this, but I agree with you. I still make ROTH contributions but I tend to invest pretax because of the reason you stated above as well as the fact that I live in the CCP state (Communist California Party). If the government keeps its current course they will figure out a way to get their hands on some of that post tax money.
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Old 09-05-2022 | 07:48 AM
  #329  
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Originally Posted by bugman61
If I don’t have an option to prevent that, I’m voting no regardless of the rest of the deal. And I’m far from alone.
Same. That’s a single item no for me.
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Old 09-05-2022 | 07:52 AM
  #330  
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Originally Posted by bugman61
If I don’t have an option to prevent that, I’m voting no regardless of the rest of the deal. And I’m far from alone.
You can stomp your feet and hold your breath, but it will pass with over 80% voting yes.
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