09 Feb 2026, 21:42 [ UTC - 5; DST ]
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Post subject: Re: Aircraft inventory levels are critically low.  Posted: 08 Nov 2021, 10:25 |
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Joined: 01/14/09
Posts: 829
Post Likes: +314
Location: Boise, ID
Aircraft: 06 Meridian, C180
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Username Protected wrote: OK, I'll take his .98% effective tax rate. That's fair. You confuse virtual paper wealth with actual income. If your house appreciates $50,000 this year in market value, do you want to pay taxes on that "income"? At some point, that requires you to sell your house to pay the taxes! Mike C.
I'm not confused. I'm simply quoting the article YOU sent.
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:27 |
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Joined: 12/17/13
Posts: 6694
Post Likes: +6011
Location: Hollywood, Los Angeles, CA
Aircraft: Aerostar Superstar 2
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Username Protected wrote: Why are banks allowed to resell and pocket a extra 2-4% interest rates as go-betweeners? Become a bank and find out what it takes to do retail loans, and handle the under performing ones.
Ahh, and do prey tell, how do you become a bank? By already having $20M+ in capital. You make my point for me.
Plus, there's no societal extra cost to admin the underperforming loans at the Fed level rather than the bank level - it's the same. It's a BS excuse.
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"Either we heal now as a team, or we will die as individuals."
Last edited on 08 Nov 2021, 10:30, edited 3 times in total.
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:28 |
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Joined: 12/03/14
Posts: 21290
Post Likes: +26839
Company: Ciholas, Inc
Location: KEHR
Aircraft: C560V
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Username Protected wrote: I'm not confused. I'm simply quoting the article YOU sent. Which does confuse paper virtual wealth with income, as I indicated when I quoted it. I used it only for the data, not the conclusions. Mike C.
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Email mikec (at) ciholas.com
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:30 |
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Joined: 01/14/09
Posts: 829
Post Likes: +314
Location: Boise, ID
Aircraft: 06 Meridian, C180
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Username Protected wrote: I'm not confused. I'm simply quoting the article YOU sent. Which does confuse paper virtual wealth with income, as I indicated when I quoted it. I used it only for the data, not the conclusions. Mike C.
I used it for the data too. "Virtual wealth" is real enough to borrow against it and live lavishly.
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:31 |
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Joined: 02/10/12
Posts: 6712
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Company: Minister of Pith
Location: Florida
Aircraft: Piper PA28/140
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Username Protected wrote: I
However, the older I get, the more I also see how much the system is rigged to keep the peasants poor.
Of course. Why do you think the US imposed an income tax on the average wage slave?
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"No comment until the time limit is up."
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:32 |
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Joined: 12/03/14
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Company: Ciholas, Inc
Location: KEHR
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Username Protected wrote: Ahh, and do prey tell, how do you become a bank? By starting one with investors. Like you start any business. You could decry your lack of ability to start a car company in the same way. That requires far more capital than a bank, BTW. Look at all the local credit unions that exist around the country. Mike C.
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Email mikec (at) ciholas.com
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:38 |
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Joined: 02/10/12
Posts: 6712
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Company: Minister of Pith
Location: Florida
Aircraft: Piper PA28/140
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Username Protected wrote: OK, I'll take his .98% effective tax rate. That's fair. You confuse virtual paper wealth with actual income. If your house appreciates $50,000 this year in market value, do you want to pay taxes on that "income"? At some point, that requires you to sell your house to pay the taxes! Mike C.
That happens to a lot of people now in many parts of the country (which coincidentally vote for higher taxation); they are taxed out of their home. Then they move to lower taxed locales, and vote as they always have. Definition of insanity.
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"No comment until the time limit is up."
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:40 |
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Joined: 12/03/14
Posts: 21290
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Company: Ciholas, Inc
Location: KEHR
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Username Protected wrote: "Virtual wealth" is real enough to borrow against it and live lavishly. If you have a mortgage on your house, you are doing the same thing. Mike C.
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Email mikec (at) ciholas.com
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:40 |
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Joined: 02/10/12
Posts: 6712
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Company: Minister of Pith
Location: Florida
Aircraft: Piper PA28/140
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Username Protected wrote: "Virtual wealth" is real enough to borrow against it and live lavishly. Until the Piper calls. Remember 1929 and guys jumping out of buildings?
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"No comment until the time limit is up."
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:44 |
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Joined: 02/10/12
Posts: 6712
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Company: Minister of Pith
Location: Florida
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Username Protected wrote: So Musk gets $4.9 billion in subsidies. Where is my $4.9B? That's "politics", not "finance".
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"No comment until the time limit is up."
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:50 |
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Joined: 01/14/09
Posts: 829
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Location: Boise, ID
Aircraft: 06 Meridian, C180
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Username Protected wrote: "Virtual wealth" is real enough to borrow against it and live lavishly. If you have a mortgage on your house, you are doing the same thing. Mike C.
I'm also paying property taxes on that house, so not really. What tax is Bezos paying by doing this? It's real enough money for everything except being subject to taxes.
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 10:51 |
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Joined: 01/14/09
Posts: 829
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Location: Boise, ID
Aircraft: 06 Meridian, C180
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Username Protected wrote: So Musk gets $4.9 billion in subsidies. Where is my $4.9B? That's "politics", not "finance".
Sorry. My bad. 
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 11:10 |
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Joined: 02/10/12
Posts: 6712
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Company: Minister of Pith
Location: Florida
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Username Protected wrote:
That's "politics", not "finance".
Sorry. My bad.
I meant that the Tesla subsidies were based on political winds (e.g., "Green"), not that it's a great financial decision.
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"No comment until the time limit is up."
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 11:13 |
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Joined: 07/01/19
Posts: 170
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Location: KHPN
Aircraft: C90
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Username Protected wrote: I'll give you the moist egregious example: Banks can borrow money at 0.25% interest from the Feds. Why can't you and I borrow at that same rate directly from them for our mortgage? Why are banks allowed to resell and pocket an extra 2-4% interest rates as go-betweeners? Assuming you are talking about normal operations (not GFC, PPP, etc) the Fed's discount window rate is higher than the federal funds rate (rate promulgated for interbank lending). Additionally, discount window lending requires extensive collateral, so it's not a great comparison to what is likely an individual's biggest asset (house). The biggest gripe I have on Fed commentary is the notion that they "set" interest rates. They influence interest rates, but ultimately the market sets them. Remove that mechanism from our economy and hoo boy, we're in for a ride.
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I fly because it releases my mind from the tyranny of petty things...
-Antoine de St.-Exupery
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Post subject: Re: Aircraft inventory levels are critically low. Posted: 08 Nov 2021, 11:17 |
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Joined: 01/11/10
Posts: 3833
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Location: (KADS) Dallas, TX
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Amazing to read comments that equate standard GAAP accural accounting practice with "subsidizes". For example if an oil company drills a dry well for $1M they expense it that FY since it has no further value. Taking that expense would offset $1M in profits from other producing wells resulting in zero taxes due. This is exactly what the pundits are calling "subsidies".
No different than an Uber driver expensing the cost of gasoline on their tax return.
Charging taxes to a business based on gross revenue only makes sense to the ~45% of the population that pays zero income tax or even profits via EIC, but still insists they are a taxpayer because they see paycheck deductions.
Last edited on 08 Nov 2021, 11:31, edited 1 time in total.
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