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-   -   Any "Latest & Greatest" about Delta? (https://www.airlinepilotforums.com/delta/36912-any-latest-greatest-about-delta.html)

buzzpat 11-16-2014 02:51 PM

Man, the Packers are just crushing teams lately.

buzzpat 11-16-2014 02:52 PM


Originally Posted by Denny Crane (Post 1764954)
Can't help you with the first one but...........

Sooooooo, do the Seahawks and 49ers now have the same record!?!:eek:

Neither one of our teams is doing that well this year.....

Buzz, it's lookin' like I'm gonna have to pay up in the near future!:eek:

Denny

So far, so good!!:D Aaron's on fire.

Denny Crane 11-16-2014 02:55 PM


Originally Posted by Timbo (Post 1764951)
And Seattle got beat today...:eek:

Yeah, my daughter texted me. Just as glad I'm not home!:eek:

Denny

marcal 11-16-2014 03:23 PM


Originally Posted by forgot to bid (Post 1764872)
I was looking at the awards and noticed someone at 50% working Christmas and then some. I was curious if they bid that because it'd been an easy time to get off. I go and look at the reasons report and they ftb.

Happens, but that stinks.

Perhaps they don't celebrate Christmas? I know I don't, and I consider it my duty to go to work that day so that at least one other pilot that does celebrate gets it off.

scambo1 11-16-2014 03:43 PM


Originally Posted by marcal (Post 1764965)
Perhaps they don't celebrate Christmas? I know I don't, and I consider it my duty to go to work that day so that at least one other pilot that does celebrate gets it off.

Back when I was single, I never worried about bidding Christmas off. Now, it's different, but working Christmas goes with the territory.

Purple Drank 11-16-2014 03:47 PM


Originally Posted by scambo1 (Post 1764899)
The schedule f (farm) is powerful. It gets you depreciation, section 179, related fuel, oil, tools etc.

It takes about a year to be recognized by your state as a farm once you get the ball rolling. There is a minimum acreage size and a minimum acreage for the farmed product.

Front page write downs on the 1040 is how you limit your tax liability.

The acreage could be swampland at $500/acre, but gives you the same tax benefit as a vineyard in Napa.

As an additional benefit for some, owning a farm opens up this avenue:

Online Dating, Free Dating Site & Farmer Dating Online For Singles

RockyBoy 11-16-2014 03:57 PM


Originally Posted by scambo1 (Post 1764899)
I've had a farm for a number of years now. It is generally good for 70k right off the top without using the section 179 expense. Section 179 maxes out at an annual ~$180k/yr. in itself. I don't live there any more, but keep it for the tax benefit. The schedule f (farm) is powerful. It gets you depreciation, section 179, related fuel, oil, tools etc.

It takes about a year to be recognized by your state as a farm once you get the ball rolling. There is a minimum acreage size and a minimum acreage for the farmed product.

Front page write downs on the 1040 is how you limit your tax liability.

The acreage could be swampland at $500/acre, but gives you the same tax benefit as a vineyard in Napa.

The above is not investment or tax advice. Dyodd

I own one company and 50% of another. My LLC that I own 50% of is the family farm. (My dad owns the other half). I've had three accountants look over my taxes to try and manage them. After three years of losses the IRS can come in and designate your business as a hobby if it is not generating a profit. This will limit your deductions to something like $2000 per year. They usually won't bother you until 5 years. So this may work for a few years, but eventually you have to make money.

Here is a good article that explains the basics of using a farm for tax purposes.

http://www.hobbyfarms.com/farm-marke...xes-14991.aspx


The only real way to have long term tax relief is to not get paid via W-2 wages like the really wealthy people do. With the current tax code it gets tough to hide money every year with a side business when all that business is doing is creating expenses to offset your W-2 wages.

Maybe I just have bad accountants, but side business won't help you hide income for very many years. My problem is both my business are doing great so now I've got that to deal with. 1st world problems.....it's tough I tell ya. :)

Cubdrick 11-16-2014 04:03 PM


Originally Posted by marcal (Post 1764965)
Perhaps they don't celebrate Christmas? I know I don't, and I consider it my duty to go to work that day so that at least one other pilot that does celebrate gets it off.

That's pretty cool, thanks Marcal. It didn't help me out this year, but I am sure many others including myself appreciate the sentiments.

LivingTheDream 11-16-2014 04:05 PM

Like the farming idea... flew with a guy who had a Xmas tree farm... did very well tax wise. Also hearing that vacation rental property is a good way to go... need to do some homework.

Always get a chuckle when I read a new hire complaining about flying Xmas, holidays, weekends, etc. (especially when one is less than one year with the company!). Did they miss the brief that this is a seniority based system?

I pretty much counted on at least my first 5 years sucking, so I didn't see any point in complaining about it.

On another note. In 26years I have never seen the amount of guys flying the last 15dys of a month in a row without a break... IMHO FAR 117 has been a total disaster... very rarely happened with 30 in 7.

RockyBoy 11-16-2014 04:10 PM


Originally Posted by marcal (Post 1764965)
Perhaps they don't celebrate Christmas? I know I don't, and I consider it my duty to go to work that day so that at least one other pilot that does celebrate gets it off.

Or you could bid it off then get an almost guaranteed GS. :eek:

That is why we need double pay on holidays. Then Marcal could bid it so those who celebrate Christmas could enjoy it off AND he would get paid double.


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