• Welcome to RCCrawler Forums.

    It looks like you're enjoying RCCrawler's Forums but haven't created an account yet. Why not take a minute to register for your own free account now? As a member you get free access to all of our forums and posts plus the ability to post your own messages, communicate directly with other members, and much more. Register now!

    Already a member? Login at the top of this page to stop seeing this message.

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

Fishmaxx

Fishmaxx

I wanna be Dave
Joined
Feb 1, 2004
Messages
7,837
Location
on a Big Rock
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:
$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.
 
link said:
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.
Click to expand...


Seems like Obama is exaggerating his plan a little bit.
 
Yup we need to tax those greedy corporate jet owning small buisness owners. :roll:

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.
 
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.
 
the president makes 300k roughly and he has airforce one... shrug ...

oh wait thats one of the perks...:lmao:
 
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".:roll:

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?
 
TexasSP said:
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.
Click to expand...


If I was a pilot, worked on planes, or sold them fuel to the greedy bastards I would be pissed.
 
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.
 
Last edited:
dezfan said:
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".:roll:
Click to expand...

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.
 
Last edited:
"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
 
Duuuuuuuude said:
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.
Click to expand...


:ror:

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.
 
Mayhem Eng. said:
Liberal thinking got us here.
Click to expand...

:lmao:

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.

dezfan said:
:ror:

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

I'm watching it on youtube. No commercials, no commentary, no crazy conservative extremists raving about the anti-chist. "thumbsup"

dezfan said:
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.
Click to expand...

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.

dezfan said:
Only it has the ability to enact laws, taxes, fines, levies, and mandates. Only it can print it's own currency.
Click to expand...

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...

dezfan said:
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.
Click to expand...

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...
 
You must log in or register to reply here.

Similar threads

The Violator
Worlds first 3d printed gun, Oh wait, you cannot have that
Replies
16
Views
2K
SINister
SINister
L
Weekend project - SCX10 Rubicon JK Headlights and Tidy Wiring
Replies
9
Views
4K
JOver
J
slickwillie
WTF China?!?
Replies
15
Views
2K
Duuuuuuuude
Duuuuuuuude
T
Off Roaders Unite! Need Help
Replies
14
Views
1K
Krakker
Krakker
BigSki
new job is bitter-sweet
2
Replies
24
Views
2K
SMR 510RR
SMR 510RR
Back
Top