Airline Pilot Central Forums - First Quarter Financials

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Quote:

Originally Posted by CLMP (Post 1869071)

Back on topic, at Allegiant, our CEO takes some paltry yearly salary but he owns 20 PERCENT of the outstanding shares (approx $700 million in stock). Back before our President was kicked out, his 2013 total compensation was $5.2 million. While that is slightly above Gary Kelly's $4 million for that year, keep in mind the difference in size and revenue between the two carriers. Our president's compensation per dollar of revenue generated was 23 TIMES that of Kelly's. Executive pay is definitely out of control.

That's pretty amazing. What a scumbag.

Quote:

Originally Posted by Aero1900 (Post 1868138)

A flat tax raisea taxes on lower income people and lowers taxes for the very wealthy. It's the opposite of what we need. Our current progressive tax system is complicated but logical. If you are raising a family on 35,000 a year, you get a lower rate and deductions to help you. If you are single and making 500,000 you pay a lot in taxes...exactly how it should be. The things that make the system so damn complicated are there for a reason. The guy raising a family on 35k is spending every dime he makes to support the family (housing, food, education) takes up all the income. The guy making 500k is spending a tiny fraction of his income on the essentials, and thus should have plenty of money left over to pay taxes.

A flat tax is nothing but a pipe dream for the very high income makers.

This is exactly why this county is going to sh*t. Taxing some people 5% and others 40% because their income is different is what we call socialism. Where everyone is =. This leads to problems of nobody wanting to work hard or go to school for 10 years because everyone makes the same. Just because I worked hard for 15 years, went to school, made sacrifices, should not mean I have to give 30% of my income to Uncle Sam and someone that slacked off all of their 20's only has to pay 10% or get back more than they have to pay, just because a bunch of socialist think it's fair. Life isn't fair and we are suppose to be a capitalist society. There are a lot of people out there that need to start waking up. Talk to people from Greece or other countries in Europe that had an economy collapse from people free loading off the backs of those that work hard for their money.

Quote:

Originally Posted by WhiteHammer (Post 1870236)

You realize you pay the exact same amount of tax, down to the penny, that those who earn less than you pay, right? It seems you don't understand the US tax code very well.

Quote:

Originally Posted by Name User (Post 1868608)

Married 7 years, no kids.

But I recognize the economic benefit a growing population entails.

Mike Judge hit the nail on the head.
Idiocracy (2006) - IMDb
Population growth, without education and enlightenment.
Watch it and extrapolate current events, not a reach really. :D

Quote:

Originally Posted by Name User (Post 1870378)

You realize you pay the exact same amount of tax, down to the penny, that those who earn less than you pay, right? It seems you don't understand the US tax code very well.

What a crock of crap. Do you live downwind in Colorado?

Quote:

Originally Posted by ClickClickBoom (Post 1870520)

Mike Judge hit the nail on the head.
Idiocracy (2006) - IMDb
Population growth, without education and enlightenment.
Watch it and extrapolate current events, not a reach really. :D

Most underrated movie of all time.

Quote:

Originally Posted by BenderRodriguez (Post 1870539)

What a crock of crap. Do you live downwind in Colorado?

It is indeed, regardless of where one lives.

Quote:

Originally Posted by Name User (Post 1870378)

you don't understand the US tax code very well.

Neither do you, genius. Even paid, professional experts admit being flummoxed by it on a regular basis. I'm talking tax LAWYERS....legal experts who SPECIALIZE in it...with decades of experience.

And you, most definitely, are not one of them.

Quote:

Originally Posted by Name User (Post 1870378)

You realize you pay the exact same amount of tax, down to the penny, that those who earn less than you pay, right? It seems you don't understand the US tax code very well.

Umm. Do you care to explain? I'm pretty sure that this sentence is flat out wrong.

There are graduated scales (progressive tax) so people who earn more pay a larger percentage of their income to taxes. I'm in one of the higher brackets, and I'm okay with that. I can afford it. But a flat tax disproportionately taxes lower incomes, and that's not right. If you make $40,000 a year, far more of your income goes to the basics of life than someone earning $400,000.