Industry Leading without Profit Sharing?? - Page 12

#111

7576FO , 10-03-2014 03:13 PM

Gets Weekends Off

Quote:

Originally Posted by eaglefly

Good luck. Those who've forged forward before you and tried to get specifics got little. Those who have communicated to the leadership how important an improved LTD benefit is, have been met with silence. LTD improvements are noticeably absent from APA's initial JCBA proposal to management and it seems to be an issue that's "confidential, on the Q.T. and very,........hush, hush".

I think collectively, we'll get nothing and like it.

You signed a flow thru contract. An arbitrator awarded you more for your delayed flow. Now you want more?

You were not furloughed.

The furloughees deserve LOS before any Flow thru.

Jeez, the greed.

7576FO

Whoops my apology, I read LOS into your post instead of LTD. Sorry. My bad

#112

eaglefly , 10-03-2014 03:57 PM

Banned

Quote:

Originally Posted by 7576FO

It's O.K, I'm used to being kicked in the nuts here before my posts are fully understood. I've also accepted that many native AA pilots will never see me as anything more then an unworthy carpetbagger here too. It is what it is.

#113

Name User , 10-03-2014 04:08 PM

Gets Weekends Off

Quote:

Originally Posted by eaglefly

To be fair, a lot of what you've written has turned out to be completely wrong. You're a "glass completely empty with a hole in the bottom" guy. Your posts are great, they expand my vocabulary better than my word-a-day toilet paper.

#114

flybywire44 , 10-03-2014 06:54 PM

Flies With The Hat On

Quote:

Originally Posted by Thedude

I just got a shock today when I was doing some research on LTD.
Since it is provided by contractual means, LTD payments are taxable. Which means you will get approx 42% of you pre-tax income and the monthly payment is capped at $8000 prior to tax.
Or an income of $160k would be approx $112k after taxes (max value for LTD).
$8k per month (LTD max payment) is approx $96k per year.
Now since that is taxable it drops to $67k after tax.

Here is the real kicker, if you get any income through any other means. ie buy up via another LTD policy or just plain work.
AMR will reduce the LTD payments so that you still only get a total of $8000 from all sources.

Ouch.

Start an LCC, and don't get paid.

Sent from my iPad using Tapatalk

#115

Thedude , 10-03-2014 07:43 PM

Are we there yet??!!

Quote:

Originally Posted by flybywire44

Start an LCC, and don't get paid.

???
Did you mean an LLC?
I have never delved into the depths of an LLC or a type S corp but I am pretty sure it doesn't work that way.

#116

eaglefly , 10-04-2014 12:12 AM

Banned

Quote:

Originally Posted by Name User

Gee I'm crushed........and I was so hoping we could be real pals.

#117

DCA A321 FO , 10-04-2014 01:08 AM

Banned

Hey Eagle, I'll toss you a bag of ice for your nuts :-)

#118

eaglefly , 10-04-2014 07:35 AM

Banned

Quote:

Originally Posted by DCA A321 FO

Hey Eagle, I'll toss you a bag of ice for your nuts :-)

Why that's the nicest thing you've ever offered to toss at me.

My only concern is at what speed it would impact at.

#119

Saabs , 10-04-2014 07:58 AM

Gets Weekends Off

Quote:

Originally Posted by eaglefly

Why that's the nicest thing you've ever offered to toss at me.

My only concern is at what speed it would impact at.

Eagle is it true that we don't get to vote on the JCBA ? Assuming they even get one before arbitration....

#120

JKflight , 10-04-2014 08:36 AM

Line Holder

Quote:

Originally Posted by Thedude

??? Did you mean an LLC? I have never delved into the depths of an LLC or a type S corp but I am pretty sure it doesn't work that way.

Sure does work that way.... Start a company and be sure expenses and your employees (wife, kid, sister, etc) payroll leaves you without a profit and not only do you have zero income to offset LTD but you can write off the losses against LTD's taxable income.

Unfortunately, this is a loophole and many people take advantage of programs like disability, unemployment, workmans comp, etc....