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I think the profit sharing check will have a flat 25% federal income tax deduction instead of the normal rates. I think it is federal law to withhold that, but I am not certain. Check out the federal tax line on the profit sharing, you will probably see that it is much larger in proportion to your other checks. That reduces the net. You can increase your deductions for this year to gradually get that extra withholding back, or you can wait until next year to file your taxes.
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Originally Posted by alfaromeo
(Post 946179)
I think the profit sharing check will have a flat 25% federal income tax deduction instead of the normal rates. I think it is federal law to withhold that, but I am not certain. Check out the federal tax line on the profit sharing, you will probably see that it is much larger in proportion to your other checks. That reduces the net. You can increase your deductions for this year to gradually get that extra withholding back, or you can wait until next year to file your taxes.
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25%? I remember all my AF bonus checks had 28% witheld. If IIRC bonus payments are taxed at your top marginal rate. Not an accountant but I did stay at a Crowne Plaza last night.
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Originally Posted by gloopy
(Post 946176)
Anyone know why we are actively "working with" the powers that be to transfer control of the L concourse in ORD? The article implied that we are in some kind of hurry to get it done and it flat out said the result will almost definitely be "new" carriers into ORD, which we all know will be VA. Why would we be lifting a finger to do anything more than the bare minimum required by law knowing it will help yet another super junior, pennies on the dollar and practically zero benefits and work rules airline to grow even more than their quazi-legal funding scheme already provides? IOW what's in it for us?
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Hey guys... Sorry for the threadjacking but I didn't know where else to put this!
I'm going to jumpseat from VPS to DCA on 2/14 and was hoping someone could check the load status for me (or tell me how to do it if possible). I'm planning on the 4:40PM flight to MEM or the 5:22 flight to ATL with follow on flights to DCA. For the return on 2/15 I'm planning either the 6PM from DCA-ATL and on to VPS or the BWI flights (4:15 and 5:12) to ATL and MEM respectively...then on to VPS. I rarely js, so any advice or info is much appreciated. I'm a UAL 767 pilot and I'm not a scab;). Thanks in advance! |
Originally Posted by flyallnite
(Post 946191)
We are sub-leasing gates at L concourse to AA. That is probably the other party they are referring to. As to why, I agree that helping another start up do business is counter productive to our goals as pilots protecting our profession, but from a business standpoint, this forces two of our biggest competitors, AA and UA, to tie up additional resources defending their largest hub market, while we attack them where we can make money, such as LGA-ORD.
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Originally Posted by 1234
(Post 946178)
Thanks for the direction to the LAX welcome packet. I agree with the pming of this info, I was looking more for general info like do we have one and if so which terminal. At least to get me headed in the right direction.
Thanks, We have a lounge in terminal 5. It is pretty much below the middle of the concourse. Scoop |
Originally Posted by AxlF16
(Post 946196)
Hey guys... Sorry for the threadjacking but I didn't know where else to put this!
I'm going to jumpseat from VPS to DCA on 2/14 and was hoping someone could check the load status for me (or tell me how to do it if possible). I'm planning on the 4:40PM flight to MEM or the 5:22 flight to ATL with follow on flights to DCA. For the return on 2/15 I'm planning either the 6PM from DCA-ATL and on to VPS or the BWI flights (4:15 and 5:12) to ATL and MEM respectively...then on to VPS. I rarely js, so any advice or info is much appreciated. I'm a UAL 767 pilot and I'm not a scab;). Thanks in advance! |
Originally Posted by alfaromeo
(Post 946179)
I think the profit sharing check will have a flat 25% federal income tax deduction instead of the normal rates. I think it is federal law to withhold that, but I am not certain. Check out the federal tax line on the profit sharing, you will probably see that it is much larger in proportion to your other checks. That reduces the net. You can increase your deductions for this year to gradually get that extra withholding back, or you can wait until next year to file your taxes.
re-ran my numbers with a marginal tax rate of 25% and it comes out VERY close to what was deposited...... Turns out with all taxes/dues/DPMA etc. it equates to roughly 62% of the pre-tax number. but hey, at least I get an additional 12% going into my retirement! |
Originally Posted by shiznit
(Post 946249)
Note to others:
re-ran my numbers with a marginal tax rate of 25% and it comes out VERY close to what was deposited...... Turns out with all taxes/dues/DPMA etc. it equates to roughly 62% of the pre-tax number. but hey, at least I get an additional 12% going into my retirement! |
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