N1026F Posted October 7, 2011 Report Share Posted October 7, 2011 My CPA and estate planning attorney said I could incorporate into a subsidiary of my other two vertically integrated business entities and then rent my plane from myself and write off all my state taxes, maintenence expenses and fees that didn't get paid by my clients under travel expenses. It would also protect my other non-exempt assets from a judgment if I left a smoky hole in someone' roof and my coverage was insufficient to satisfy a settlement or verdict? Anyone else doing this? --how's this for being back on topic? Quote Link to comment Share on other sites More sharing options...
John Pleisse Posted October 7, 2011 Report Share Posted October 7, 2011 Ahhhhhhhhhhhh, the Fantom soars in.....making sure his absolution- fly-by is a legal 500' agl...... wooops...edit...need a wink.... Quote Link to comment Share on other sites More sharing options...
jetdriven Posted October 7, 2011 Report Share Posted October 7, 2011 Nah, you can fly lower and be legal. Even in a Beech 1900D. Just not closer than 500' to any "person, vessel, vehicle or structure". In west Texas, thats pretty dang low. Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: jetdriven Nah, you can fly lower and be legal. Even in a Beech 1900D. Just not closer than 500' to any "person, vessel, vehicle or structure". In west Texas, thats pretty dang low. Quote Link to comment Share on other sites More sharing options...
fantom Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: N1026F Anyone else doing this? Quote Link to comment Share on other sites More sharing options...
fantom Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: jetdriven Nah, you can fly lower and be legal. Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted October 7, 2011 Report Share Posted October 7, 2011 Soaring rhetoric, fantom! Quote Link to comment Share on other sites More sharing options...
N1026F Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: jetdriven Can someone describe "conservative" anymore? Cause last time I checked, Bush and Co. raised the national debt by double, or 5 Trillion dollars Plus the legacy of 2 wars nobody wants and tax cuts we cannot afford. So what are they conserving? Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted October 7, 2011 Report Share Posted October 7, 2011 The Republican Party turned its back on Conservatives a long time ago. Quote Link to comment Share on other sites More sharing options...
jetdriven Posted October 7, 2011 Report Share Posted October 7, 2011 yep. not fair Cain said it best "if you are not rich, its because you're lazy". I didnt know I lived on a planet with so many slackers! Quote: fantom It works for lots of other assets, as well..... Of course if one doesn't have a business, assets, or a pot to piss in, then it's just "not fair". Quote Link to comment Share on other sites More sharing options...
FlyDave Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: fantom You folks are wounderful people but I, for one, don't give a flying rats ass about your political views. Quote Link to comment Share on other sites More sharing options...
fantom Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: jetdriven Quote Link to comment Share on other sites More sharing options...
N1026F Posted October 7, 2011 Report Share Posted October 7, 2011 Are we going to reward/retain the Tea Party NeoCons for doing nothing and submitting no new proposals or does that cricism only apply to people who don't yet have government paid health plans? Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: N1026F Are we going to reward/retain the Tea Party NeoCons for doing nothing and submitting no new proposals or does that cricism only apply to people who don't yet have government paid health plans? Quote Link to comment Share on other sites More sharing options...
jetdriven Posted October 7, 2011 Report Share Posted October 7, 2011 With the Koch brothers commands, anything is possible! Quote Link to comment Share on other sites More sharing options...
John Pleisse Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: N1026F My CPA and estate planning attorney said I could incorporate into a subsidiary of my other two vertically integrated business entities and then rent my plane from myself and write off all my state taxes, maintenence expenses and fees that didn't get paid by my clients under travel expenses. It would also protect my other non-exempt assets from a judgment if I left a smoky hole in someone' roof and my coverage was insufficient to satisfy a settlement or verdict? Anyone else doing this? --how's this for being back on topic? Quote Link to comment Share on other sites More sharing options...
fantom Posted October 7, 2011 Report Share Posted October 7, 2011 Watch out Parker. Dan'l is a JD from Baylor..... Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted October 7, 2011 Report Share Posted October 7, 2011 We need a society where community and families are valued. People look after other people (locally) for their needs. Have you noticed that large charities (where politicians give their token gifts to) do very little dollar for dollar compared to local churches and communities. Where I come from you look after your neighbor and when he's in real need, you show mercy. Somehow liberals feel that going through the government middleman is somehow more effective. There are a lot of generous, kind hearted Republicans and Conservatives out there. Quote Link to comment Share on other sites More sharing options...
jetdriven Posted October 7, 2011 Report Share Posted October 7, 2011 Whatever happened to good old fashionaed accountability. You get drunk. You fly into a chuirch full of nuns and baby seals. You cannot be sued for damages because of corporate trickery, yet I can. The fundamental problem with a corporation is it has no body to imprison and no life to take if it does wrong. Quote Link to comment Share on other sites More sharing options...
N1026F Posted October 7, 2011 Report Share Posted October 7, 2011 1) "Taxpayer" makes my point better--Tea Party Neocons are getting paid by taxpayers to simply sit up there and contribute nothing but criticism. It's like trying to go to lunch with someone that hates your suggestions but makes none of their own. 2) I don't like to label individuals, but if I helped you find your way, your welcome. 3)This thread is obvously not the place to "be left alone." Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: fantom Watch out Parker. Dan'l is a JD from Baylor..... Quote Link to comment Share on other sites More sharing options...
jetdriven Posted October 7, 2011 Report Share Posted October 7, 2011 Parker I may be a liberal but you and I have more in common than you think. I actually may be more if a libertarian than democrat, as I believe that government is a necessary evil, yet it required to protect the common man from abuses and outright theft from the strong. There has been plenty of that taking place the last decade. Too much. Unions serve the same purpose between employer and employee. I just dont believe that the powerful will always do the right thing regarding relations with the weak or common man. Greed is too much a human nature. Quote: Parker_Woodruff We need a society where community and families are valued. People look after other people (locally) for their needs. Have you noticed that large charities (where politicians give their token gifts to) do very little dollar for dollar compared to local churches and communities. Where I come from you look after your neighbor and when he's in real need, you show mercy. Somehow liberals feel that going through the government middleman is somehow more effective. There are a lot of generous, kind hearted Republicans and Conservatives out there. Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: N1026F 1) "Taxpayer" makes my point better--Tea Party Neocons are getting paid by taxpayers to simply sit up there and contribute nothing but criticism. It's like trying to go to lunch with someone that hates your suggestions but makes none of their own. 2) I don't like to label individuals, but if I helped you find your way, your welcome. 3)This thread is obvously not the place to "be left alone." Quote Link to comment Share on other sites More sharing options...
fantom Posted October 7, 2011 Report Share Posted October 7, 2011 Quote: N1026F 1) "Taxpayer" makes my point better--Tea Party Neocons are getting paid by taxpayers to simply sit up there and contribute nothing but criticism. Quote Link to comment Share on other sites More sharing options...
Seth Posted October 7, 2011 Report Share Posted October 7, 2011 Fellow Mooneyspacers - please cease the political banter. A joke or two here or there is fine, or maybe we'll create another forum for it, but we've done a very good job of keeping MooneySpace clean and clear of politics for years now - let's keep it that way. I vote for airplane talk. Take care, and for those of you out there, have an easy fast. -Seth Quote Link to comment Share on other sites More sharing options...
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