Does per diem pretty much cover taxes?
12-01-2010 | 02:27 AM
#1
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Line Holder
Joined: Oct 2005
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From: Trying not to crash
Does per diem pretty much cover taxes?
I was told by an airline buddy to consider an airlines monthly reserve, at your pay rate, to be close to what you'll actually take home. He said that the per diem about covers taxes, for planning purposes. Would you all agree to that?
(Yes, I know some people say don't count it is income, but I'd like to be able to plan what a realistic check would look like)
(Yes, I know some people say don't count it is income, but I'd like to be able to plan what a realistic check would look like)
12-01-2010 | 02:46 AM
#2
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From: Furlough/Gun Driver
I was told by an airline buddy to consider an airlines monthly reserve, at your pay rate, to be close to what you'll actually take home. He said that the per diem about covers taxes, for planning purposes. Would you all agree to that?
(Yes, I know some people say don't count it is income, but I'd like to be able to plan what a realistic check would look like)
(Yes, I know some people say don't count it is income, but I'd like to be able to plan what a realistic check would look like)
Take your guarentee and subtract 30% for taxes medical insurance, ect... that will put you close to what you should bring home in a relatively conservative fashion. Don't count on time over guarentee or per diem as they are not consistent.
If you find yourself sitting reserve in base while being a commuter and don't fly you don't get per diem but still have to eat and pay for a crash pad.
12-01-2010 | 06:09 AM
#3
Line Holder
Joined: Feb 2007
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I was told by an airline buddy to consider an airlines monthly reserve, at your pay rate, to be close to what you'll actually take home. He said that the per diem about covers taxes, for planning purposes. Would you all agree to that?
(Yes, I know some people say don't count it is income, but I'd like to be able to plan what a realistic check would look like)
(Yes, I know some people say don't count it is income, but I'd like to be able to plan what a realistic check would look like)
12-01-2010 | 07:14 AM
#4
Line Holder
Joined: Nov 2008
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From: Right Seat...
As a lineholder its nice but not great. But when I sat reserve there were some months I didn't get more than 50 bucks per diem.
I would say on average I get 450-600 bucks a month in per diem.
Hope that helps.
I would say on average I get 450-600 bucks a month in per diem.
Hope that helps.
12-01-2010 | 08:39 AM
#5
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From: 7er
You can come out way ahead on per diem if you are smart and do a little planning. 90% of the time you get free breakfast at hotel. Lunch can usually be free via something you grabbed from breakfast or out of the flight snack basket or pack a few PB&J's for your trip so I rarely paid for lunch either. I will splurge for a nice dinner if the layover permits and I almost always have $200 leftover per diem each month.
12-01-2010 | 08:48 AM
#6
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From: Furloughed
You can come out way ahead on per diem if you are smart and do a little planning. 90% of the time you get free breakfast at hotel. Lunch can usually be free via something you grabbed from breakfast or out of the flight snack basket or pack a few PB&J's for your trip so I rarely paid for lunch either. I will splurge for a nice dinner if the layover permits and I almost always have $200 leftover per diem each month.
Isn't it sad that we, as professional airline pilots, consider eating a free, unhealthy, and unreliable breakfast... and possibly saving enough for lunch (using PB&Js as a backup) to be "coming out way ahead".
There are so many things in this industry trying to destroy your health.... try not to let the cost of healthy food make nutrition another factor to that list.
12-01-2010 | 09:25 AM
#7
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Joined: Jul 2008
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Delta1067... this is not a rip on you, just on our profession's situation in general.
Isn't it sad that we, as professional airline pilots, consider eating a free, unhealthy, and unreliable breakfast... and possibly saving enough for lunch (using PB&Js as a backup) to be "coming out way ahead".
There are so many things in this industry trying to destroy your health.... try not to let the cost of healthy food make nutrition another factor to that list.
Isn't it sad that we, as professional airline pilots, consider eating a free, unhealthy, and unreliable breakfast... and possibly saving enough for lunch (using PB&Js as a backup) to be "coming out way ahead".
There are so many things in this industry trying to destroy your health.... try not to let the cost of healthy food make nutrition another factor to that list.
12-01-2010 | 09:36 AM
#8
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Joined: Jul 2010
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From: 7er
Delta1067... this is not a rip on you, just on our profession's situation in general.
Isn't it sad that we, as professional airline pilots, consider eating a free, unhealthy, and unreliable breakfast... and possibly saving enough for lunch (using PB&Js as a backup) to be "coming out way ahead".
There are so many things in this industry trying to destroy your health.... try not to let the cost of healthy food make nutrition another factor to that list.
Isn't it sad that we, as professional airline pilots, consider eating a free, unhealthy, and unreliable breakfast... and possibly saving enough for lunch (using PB&Js as a backup) to be "coming out way ahead".
There are so many things in this industry trying to destroy your health.... try not to let the cost of healthy food make nutrition another factor to that list.
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