Pilot killing taxes?
02-20-2019, 09:15 AM
#62
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,104
Originally Posted by C130driver
You should be more upset that people making and working way less than you pay much less in taxes than you. Enough with this leftist myth that rich people don’t pay taxes. Many rich people receive most of their income from capital gains which is taxed at 15% (should be zero because it is money that is already taxes at top marginal rates,) but this has been twisted by politicians to convince stupid people that we need socialism.
Also cap gains below roughly 75k are 0% for MFJ.
02-20-2019, 11:58 AM
#64
Chief A'Hole
Joined APC: Aug 2015
Position: Barely Flying!
Posts: 402
Doing taxes next week, not looking forward to it, especially living here in “The People’s Republic of Kalifornia.” Even being married and having kids kills us each and every year. It’s sad that a six figure income is basically “poverty” in this state. Counting down the days until I have a Texas postal code.
DH
DH
02-20-2019, 12:26 PM
#65
Banned
Joined APC: Apr 2011
Posts: 1,473
Originally Posted by JamesNoBrakes
This idea has always fascinated me, that if you tax the rich, somehow they loose the will to work harder and earn more money. It's not that the ultimate amount that is limited, but you have to work harder to get it, but then all of a sudden you also expect the poor people to work hard and earn more money, so somehow poor people are supposed to work harder and earn more money, but rich people cannot find the will to work harder?
I'm in favor of some kind of balance, nothing too extreme, but again, this idea that if you tax at rates above 33-40%, the rich suddenly lose the will to work and will not work any harder to earn more money? Just seems so crazy to me...
I'm in favor of some kind of balance, nothing too extreme, but again, this idea that if you tax at rates above 33-40%, the rich suddenly lose the will to work and will not work any harder to earn more money? Just seems so crazy to me...
02-20-2019, 04:13 PM
#66
You scratched my anchor
Thread Starter
Joined APC: Feb 2011
Posts: 4,878
Originally Posted by hilltopflyer
Ehhh not really, my father is an orthopedic surgeon and is in the top 1% he is contemplating retirement because his taxes keep going up and up (he’s was planning on doing it in a few years anyways) but he said what is the point in working hard (works a lot harder then I do) if Uncle Sam and malpractice insurance is going to take all his money. So he’s probably going to retire this year and go have fun fishing and hunting instead of working harder for less then half of what he used to make.
02-20-2019, 04:34 PM
#67
Banned
Joined APC: Apr 2011
Posts: 1,473
Originally Posted by Al Czervik
Can I be rude and ask what a guy like that pulls in toward the end of a career?
02-20-2019, 04:35 PM
#68
You scratched my anchor
Thread Starter
Joined APC: Feb 2011
Posts: 4,878
Originally Posted by hilltopflyer
More than a widebody captain. Avg in USA is around 550k but he has his own practice he started with some other guys. This biggest difference is he was making that ever since getting out of Med school. He is above that avg but is cutting back some to be with grandkids etc.
Filler
02-20-2019, 04:36 PM
#70
Permanent Reserve
Joined APC: Aug 2007
Posts: 1,677
Originally Posted by Al Czervik
Can I be rude and ask what a guy like that pulls in toward the end of a career?
wide range of salary, from 500K+ (works in a teaching hospital) to 1.5M + (founding partner in large group in big city)
this would be after expenses but before taxes.
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