Suggestions Mesa/TSA/Envoy/GoJet
04-09-2016 | 09:43 AM
#31
Gets Weekends Off
Joined: Oct 2010
Posts: 219
Likes: 0
From: 145
Kind of off topic... What's the difference in taxes between loan reimbursement and a signing bonus?
A lot of bonus money is taxed at 40-50%... if loan reimbursement is tax free or a lower tax rate, that would be huge... besides, the quicker payout to avoid accruing interest.
Back on topic: I would avoid gojet and mesa. They are really bottom of the barrel. TSA and Envoy I would say are the places you should consider. I've been at TSA for 15 months, I like it overall. If you live in one of our bases, want to build time fast, not sit reserve for long, make 'good' money (since IOE I've never credited less than 100 hours/month), then this is a good place to be. I just hit my 1000 121 and put in my upgrade bid... hoping to be in upgrade class this summer... we'll see!
A lot of bonus money is taxed at 40-50%... if loan reimbursement is tax free or a lower tax rate, that would be huge... besides, the quicker payout to avoid accruing interest.
Back on topic: I would avoid gojet and mesa. They are really bottom of the barrel. TSA and Envoy I would say are the places you should consider. I've been at TSA for 15 months, I like it overall. If you live in one of our bases, want to build time fast, not sit reserve for long, make 'good' money (since IOE I've never credited less than 100 hours/month), then this is a good place to be. I just hit my 1000 121 and put in my upgrade bid... hoping to be in upgrade class this summer... we'll see!
04-09-2016 | 10:11 AM
#32
Gets Weekends Off
Joined: Jul 2011
Posts: 894
Likes: 0
Kind of off topic... What's the difference in taxes between loan reimbursement and a signing bonus?
A lot of bonus money is taxed at 40-50%... if loan reimbursement is tax free or a lower tax rate, that would be huge... besides, the quicker payout to avoid accruing interest.
A lot of bonus money is taxed at 40-50%... if loan reimbursement is tax free or a lower tax rate, that would be huge... besides, the quicker payout to avoid accruing interest.
04-09-2016 | 10:25 AM
#33
Gets Weekends Off
Joined: Aug 2015
Posts: 325
Likes: 0
Kind of off topic... What's the difference in taxes between loan reimbursement and a signing bonus?
A lot of bonus money is taxed at 40-50%... if loan reimbursement is tax free or a lower tax rate, that would be huge... besides, the quicker payout to avoid accruing interest.
Back on topic: I would avoid gojet and mesa. They are really bottom of the barrel. TSA and Envoy I would say are the places you should consider. I've been at TSA for 15 months, I like it overall. If you live in one of our bases, want to build time fast, not sit reserve for long, make 'good' money (since IOE I've never credited less than 100 hours/month), then this is a good place to be. I just hit my 1000 121 and put in my upgrade bid... hoping to be in upgrade class this summer... we'll see!
A lot of bonus money is taxed at 40-50%... if loan reimbursement is tax free or a lower tax rate, that would be huge... besides, the quicker payout to avoid accruing interest.
Back on topic: I would avoid gojet and mesa. They are really bottom of the barrel. TSA and Envoy I would say are the places you should consider. I've been at TSA for 15 months, I like it overall. If you live in one of our bases, want to build time fast, not sit reserve for long, make 'good' money (since IOE I've never credited less than 100 hours/month), then this is a good place to be. I just hit my 1000 121 and put in my upgrade bid... hoping to be in upgrade class this summer... we'll see!
04-09-2016 | 10:43 AM
#34
Reserve Life
Joined: Mar 2016
Posts: 98
Likes: 0
From: A320 FO
ATP's Tuition Reimbursement program isn't taxed. It is not considered income as the money never goes through you. ATP tracks how much you are paid through their website "www.pilotpool.com", they advise your partner airline how much the amount of flying was worth ($5 per hour), the partner airline sends the money to ATP, and then ATP pays the amount to the lender you financed your loan with. Because you never recieved the money and deposited it yourself, it doesn't get taxed as income.
04-09-2016 | 10:50 AM
#35
Reserve Life
Joined: Mar 2016
Posts: 98
Likes: 0
From: A320 FO
But if you're an independent contractor like a CFI at ATP, then you're on a 1099-MISC, and you don't get any of the student loan interest you paid back in your tax return, well you basically don't qualify for any tax deductions regardless.
04-09-2016 | 10:58 AM
#36
Gets Weekends Off
Joined: Nov 2015
Posts: 354
Likes: 0
04-09-2016 | 12:17 PM
#37
Gets Weekends Off
Joined: Aug 2010
Posts: 547
Likes: 0
ATP's Tuition Reimbursement program isn't taxed. It is not considered income as the money never goes through you. ATP tracks how much you are paid through their website "www.pilotpool.com", they advise your partner airline how much the amount of flying was worth ($5 per hour), the partner airline sends the money to ATP, and then ATP pays the amount to the lender you financed your loan with. Because you never recieved the money and deposited it yourself, it doesn't get taxed as income.
04-09-2016 | 01:14 PM
#39
Gets Weekends Off
Joined: Aug 2010
Posts: 547
Likes: 0
For Reference, review this thread http://www.airlinepilotforums.com/re...red-major.html
04-09-2016 | 01:16 PM
#40
Line Holder
Joined: Feb 2015
Posts: 98
Likes: 0
A newhire today should upgrade according to the company 2.5 years and according to the union (figuring everything stays constant) just under 4 years. My guess would be somewhere in the middle. The unions outlook doesn't take into consideration growth. For example the 5 145s that we are getting back from storage and other airlines. Also if more people leave for the majors. PIC is important but many FOs are hired at LCC and legacy carries. There are also 10+ year captains at the majority of regionals with thousands of PIC time and no call.
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