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Thread: WTF ....250K = Corporate Jet?????

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Old 06-29-2011, 11:51 AM   #1
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Default WTF ....250K = Corporate Jet?????

So I watched the Obama's news conference today and during the Q/A portion he kept referring to the Corporate jet owners needing their tax breaks suspended, but from what I can tell his plan calls for the suspension of the tax breaks for anyone making over 250K (which includes most small businesses).

Since when can a person making 250k afford a corporate jet?

I curious if anyone knows what it cost to operate a corporate jet, so I can tell how much Obama is trying to distort his real plan.

Last edited by Fishmaxx; 06-29-2011 at 11:59 AM.
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Old 06-29-2011, 01:22 PM   #2
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Does this help:
http://au.answers.yahoo.com/question...9193513AAp3M4H
?
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Old 06-29-2011, 01:27 PM   #3
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$250k would be for a corp jet with no wings. Heck, maintenance for a "good" one might be that much per year.

edit:
Costs for pilots (and crew) can be $$$. My father flies about once a week and makes good money.
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Old 06-29-2011, 01:31 PM   #4
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Light jets ($3 million to $8 million) can take 5 to 8 passengers roughly 2,000 miles (3,219 km); midsize executive jets ($9 million to $16 million) can take up to 9 passengers from 2,000 to 3,000 miles (3,219 to 4,828 km); and large executive jets ($17 million to $45 million) can carry 12 passengers more than 4,000 miles (6,437 km).

Consider the hidden costs. Along with a price tag that ranges from $6 million to $50 million for a new private jet, factor in necessities such as insurance, fuel, catering and pilots--who are in short supply. Aircraft management companies will take care of these needs for about $100,000 to $200,000 per year, depending on the size and usage of the jet.

Seems like Obama is exaggerating his plan a little bit.
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Old 06-29-2011, 01:38 PM   #5
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http://www.aerobid.net/auctiondetail...sn-260&id=3635

1978 Lear 25. It's aging but still passes. There are much older planes out there. $455k

http://www.aerobid.net/auctiondetail...OM-100&id=3584

2010 EMBRAER PHENOM 100. Tiny, uncomfortable, but new. $2.75M

These are auctions, btw. The price will go up.

A local company bought a new Lear 45 a couple years ago. It was about $11M...but the first bit of maintenance was included.
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Old 06-29-2011, 01:41 PM   #6
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Quote:
Originally Posted by Fishmaxx View Post
Seems like Obama is exaggerating his plan a little bit.
What you have quoted is very true to the cost if not a bit low.
He just wants to cut something that may be on paper out or something a shell company(s) might be using.
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Old 06-29-2011, 01:41 PM   #7
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Yup we need to tax those greedy corporate jet owning small buisness owners.

Technically someone could afford it making 250k a year but after taxes you have 175k left we take 100k off of that for the corporate jet and now we have 75k left. Enough to live comfortably on but that means your corporate jet is pilot less and fuel less.
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Old 06-29-2011, 02:02 PM   #8
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Quote:
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Seems like Obama is exaggerating his plan a little bit.
You are surprised?
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Old 06-29-2011, 02:51 PM   #9
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I spend a lot of time around airplanes and can guarantee you that no one making 250k per year can afford a corporate jet. A decent used jet will be 500k plus. If you have a pilot that's 500-1000 per day he flies with you. So if you are gone on a 2 week trip that's 500-1000 every day he is gone. So you either pay that or send him home commercial. Fuel is another thing, a jet will burn no less than 50 gallons per hour if you are lucky. No MPG's here, it's per hour fuel burn at cruising speed. Then there is yearly maintenance, insurance and annual upkeep. If you fly a conservative 50 hours per year that's 2500 gallons at 6 per gallon. Then if each trip averages 3 hours that's 500 per trip plus a round trip flight for your pilot commercial at 300-500 per round trip ticket. Then add in maintenance at around 25k per year.

This all totals to over 52k annually without insurance. Plus you will not get bank financing on a jet with only a 250k income.

You also have to account for the fact the most of the older jets that you can get cheaper require more maintenance and fuel.

If you are going brand new the cheapest jets start at 2.5 million.

Just so you understand my office is on a private airport in Houston in a hangar. I am around this every day.

Also to note is that some jets require two pilots so that ups the price.

If the plane gets damaged at all a cheap repair starts at 3k. Most minor repairs of damage start around 10k.
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Old 06-29-2011, 03:06 PM   #10
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the president makes 300k roughly and he has airforce one... shrug ...

oh wait thats one of the perks...
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Old 06-29-2011, 03:20 PM   #11
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I guess this means I can't take mine on my bi-weekly trips to the Dollar Store anymore!
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Old 06-29-2011, 03:31 PM   #12
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This is what happens when you elect someone who has 0 business experience, has never had to make a pay roll, hates the capitalist system, and has a socialist redistribution mentality.

Then the talking heads in the MSM (main stream media) talk about how all these evil rich people and corporations and the "Millionaires and Billionaires" need to pay more. All the while it's the small business that are the back bone of our economy are the ones they are really targeting. You know all those evil auto supply shops, plumbers, restaurants, dry cleaners, auto repair shops, etc... I don't know about were you live, but or local air port is just over run w/ those rich bastards and their "Corporate Jets".

Meanwhile Princess Pelosi, her friends and family(who's net worth has increased 62% during the Obama Recession mind you) jetted around the world on our dime!

What do you heard from Barry or the MSM about that?
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Old 06-29-2011, 03:43 PM   #13
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Quote:
Originally Posted by TexasSP View Post
I spend a lot of time around airplanes and can guarantee you that no one making 250k per year can afford a corporate jet. A decent used jet will be 500k plus. If you have a pilot that's 500-1000 per day he flies with you. So if you are gone on a 2 week trip that's 500-1000 every day he is gone. So you either pay that or send him home commercial. Fuel is another thing, a jet will burn no less than 50 gallons per hour if you are lucky. No MPG's here, it's per hour fuel burn at cruising speed. Then there is yearly maintenance, insurance and annual upkeep. If you fly a conservative 50 hours per year that's 2500 gallons at 6 per gallon. Then if each trip averages 3 hours that's 500 per trip plus a round trip flight for your pilot commercial at 300-500 per round trip ticket. Then add in maintenance at around 25k per year.

This all totals to over 52k annually without insurance. Plus you will not get bank financing on a jet with only a 250k income.

You also have to account for the fact the most of the older jets that you can get cheaper require more maintenance and fuel.

If you are going brand new the cheapest jets start at 2.5 million.

Just so you understand my office is on a private airport in Houston in a hangar. I am around this every day.

Also to note is that some jets require two pilots so that ups the price.

If the plane gets damaged at all a cheap repair starts at 3k. Most minor repairs of damage start around 10k.

If I was a pilot, worked on planes, or sold them fuel to the greedy bastards I would be pissed.
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Old 06-29-2011, 04:24 PM   #14
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The key word is "corporate", which in this context means "belonging to the corporation", which is different than "personal", which means "belonging to the person".

You can be the owner of a corporation and have all or a portion of your property in its name and not yours and still use that property at your leisure. Homes, cars, aircraft, watercraft, etc. You can also pay yourself whatever you want, be it $1 a year, or $1m a year.

Its also important to note that the corporations that are supposed to uphold their part in the "trickle down economics" plan are not doing so.

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Old 06-29-2011, 04:35 PM   #15
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Originally Posted by dezfan View Post
Then the talking heads in the MSM (main stream media) talk about how all these evil rich people and corporations and the "Millionaires and Billionaires" need to pay more. All the while it's the small business that are the back bone of our economy are the ones they are really targeting. You know all those evil auto supply shops, plumbers, restaurants, dry cleaners, auto repair shops, etc... I don't know about were you live, but or local air port is just over run w/ those rich bastards and their "Corporate Jets".
I'm watching it now. No mention of targeting small business owners. When I hear "millionaires, billionaires, and corporate jet owners" I don't think "Billy Bob's Auto Repair Shop".

I don't know that he is against capitalism, but it was rampant, unchecked capitalism that got us where we are today.

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Old 06-29-2011, 04:55 PM   #16
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"I don't know that he is against capitalism, but it was rampant, unchecked capitalism that got us where we are today."

What.......Out of control government spending got us here. Liberal thinking got us here.

I can see the can of worms opening up.....lol

This is a debate that could go on and on with both sides looking bad or looking good depending on your point of view.

We need to (we the people) need to do something. I don't see any of what is going on right now getting better.

For the first time in my adult life I'm worried about having a roof over my head my business, having enough money to keep my corp. jet.

Come on November 2012
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Old 06-29-2011, 04:56 PM   #17
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Originally Posted by Duuuuuuuude View Post
I'm watching it now. No mention of targeting small business owners. When I hear "millionaires, billionaires, and corporate jet owners" I don't think "Billy Bob's Auto Repair Shop".

I don't know that he is against capitalism, but it was rampant, unchecked capitalism that got us where we are today.



Turn the channel! What they don't talk about says more than what they do!

What would you call the attack on those "earning" $250,000.00 a year? They can use the Liberal tag lines of "corporate", millionaire, and billionaire all they want. It's the small businesses that are going to suffer.

Remember the largest employer in the country is the FEDERAL GOVERNMENT! Only it has the ability to enact laws, taxes, fines, levies, and mandates. Only it can print it's own currency, and only it can deside not be held to the same standards it imposes on the rest of us.

As for those "rampant capitalist" you speak of. They are probably the same one that frequent Barry's Crib, make up his staff and fund his campaign.
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Old 06-29-2011, 05:01 PM   #18
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As for those "rampant capitalist" you speak of. They are probably the same one that frequent Barry's Crib, make up his staff and fund his campaign.
You've got that right!
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Old 06-29-2011, 05:24 PM   #19
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Originally Posted by Mayhem Eng. View Post
Liberal thinking got us here.


Lots of liberals in the banking industry, eh?

If you include the bailouts in the "government spending" you speak of, then I would agree with you. However, trickle down economics is NOT a liberal idea.

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Turn the channel! What they don't talk about says more than what they do!
I'm watching it on youtube. No commercials, no commentary, no crazy conservative extremists raving about the anti-chist.

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What would you call the attack on those "earning" $250,000.00 a year? They can use the Liberal tag lines of "corporate", millionaire, and billionaire all they want. It's the small businesses that are going to suffer.
Seeing as how nothing specific has been lined out, its all speculation at this point. If you watch long enough, Barry mentions something about helping small businesses grow while imposing smaller tax cuts for big business.

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Only it has the ability to enact laws, taxes, fines, levies, and mandates. Only it can print it's own currency.
Yup.

Its own currency? Not as long as the Fed is around. We've tried to make our own money a couple of times now, and got beat down at every turn by the World Bank. I wish we could though...

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As for those "rampant capitalist" you speak of. They are probably the same one that frequent Barry's Crib, make up his staff and fund his campaign.
By "rampant" I mean those who work to profit by any means necessary while ignoring local, regional, and national impact. Ethics is not in their playbook. Goldman Sachs is an example...as is BofA...
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Old 06-29-2011, 05:28 PM   #20
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...as is BofA...
Hopefully, after today, they learned their lesson....
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