Does per diem pretty much cover taxes?
12-02-2010 | 08:02 PM
#11
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PaycheckCity.com | Web-Based Paycheck Calculators
Try that site out to figure out your take home pay.
per diem is not income! So don't plan on getting it.
Try that site out to figure out your take home pay.
per diem is not income! So don't plan on getting it.
12-02-2010 | 08:09 PM
#12
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From: Trying not to crash
per diem is not income! So don't plan on getting it.
My perdiem at my current job more than covers my student loan payments... that's hardly insignificant.
12-02-2010 | 08:14 PM
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From: Trying not to crash
PaycheckCity.com | Web-Based Paycheck Calculators
Try that site out to figure out your take home pay.
per diem is not income! So don't plan on getting it.
Try that site out to figure out your take home pay.
per diem is not income! So don't plan on getting it.
12-02-2010 | 08:23 PM
#14
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Sorry, but that's just not realistic. I understand that the amount varies (especially on reserve), which is why I asked for a general idea. Although it's not taxable income, it's still money coming in which I can use in my budgeting. And for determining whether I should make a job change or not, it must to be included in my considerations.
My perdiem at my current job more than covers my student loan payments... that's hardly insignificant.
My perdiem at my current job more than covers my student loan payments... that's hardly insignificant.
Forget it. Not worth my time to educate you. Some day you'll figure it out, and I'll say I told you so.
12-02-2010 | 08:47 PM
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From: Trying not to crash
12-03-2010 | 05:43 AM
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Per diem is income. Although not w-2 iincome, it is tax free money coming into my pocket. To me that = income. Furthermore, it meets the basic definition of "income". Last year I made $4,600 in per diem tax free. For me to net $4,600 I would have had to have grossed approx $7,000. PLUS, when I itimized my per per diem on my tax return I got me an extra $900 on my refund. So my "realized" income when it comes to per diem is the same as had I made an extra $7,900 of 2-w earnings. The beauty is is that it is all tax free. I come out way ahead on mine and so will you unless you really spend/plan foolishly.
12-03-2010 | 07:40 AM
#17
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Per diem is income. Although not w-2 iincome, it is tax free money coming into my pocket. To me that = income. Furthermore, it meets the basic definition of "income". Last year I made $4,600 in per diem tax free. For me to net $4,600 I would have had to have grossed approx $7,000. PLUS, when I itimized my per per diem on my tax return I got me an extra $900 on my refund. So my "realized" income when it comes to per diem is the same as had I made an extra $7,900 of 2-w earnings. The beauty is is that it is all tax free. I come out way ahead on mine and so will you unless you really spend/plan foolishly.
I bet you eat Taco Bell, Wendy's, and all that other $6 meal cheap processed crap food. Gonna make it to 65?
And you probably are a 'slam clicker'.
12-03-2010 | 08:09 AM
#18
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Will I make it to 65? I hope not! I'm on pace to have the option to retire before I'm 60. If I am still enjoying it I will keep on flying. I'll let ya know in 31 years if I make it to 65. Life is good
12-03-2010 | 10:46 AM
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good point. i don't eat when i'm at home. i spend no money when i'm at home. i hadn't thought this through...i might just give up this career as an airline pilot, and get a regular job where i'm at home instead of traveling, because i spend no money that way! wow.
12-03-2010 | 10:49 AM
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Myself, I plan to exercise some self control (don't have much of a choice), and I have had a good time on the majority of my layovers.
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