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Business, Economics, and Taxes: Capitalism. Yay? >=(

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  • I get what you are saying...but part of the engine fell in a dude's yard. That is kind of a big deal. And since Boeing is not that long off from having serious issues and being grounded I guess I dont see how it is being overblown.

    If this was some report that got leaked which really had no basis in anything I would be with you. In this case...not so much. What if someone died from that piece hitting their house? (Donnie Darko!)
    "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
    -aparch

    "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
    -INCH

    Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
    -ScoobyDoo 12/17/2007

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    • Donnie Darko was the first thing that popped into my mind when the plane news hit

      Comment


      • Originally posted by Deutsche Gopher Fan View Post
        Donnie Darko was the first thing that popped into my mind when the plane news hit


        I havent watched that film in years might be time!
        "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
        -aparch

        "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
        -INCH

        Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
        -ScoobyDoo 12/17/2007

        Comment


        • Originally posted by Handyman View Post



          I havent watched that film in years might be time!
          Same! Though I think if it every time I hear that Tears for Fears song.

          such a great movie

          Comment


          • Originally posted by Handyman View Post
            I havent watched that film in years might be time!
            Same here.

            I caught DD without any prior knowledge and absolutely fell in love, and I've still only seen it the once. The only accidental movie I've ever enjoyed more was Lebowski.
            Cornell University
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            • On the topic of taxes, got my docs together to drop off at accountant. Yikes.

              it may be hard to meet people in a pandemic but looks like I may be getting right royally fucked by the government shortly

              Comment


              • Originally posted by Handyman View Post
                I get what you are saying...but part of the engine fell in a dude's yard. That is kind of a big deal. And since Boeing is not that long off from having serious issues and being grounded I guess I dont see how it is being overblown.

                If this was some report that got leaked which really had no basis in anything I would be with you. In this case...not so much. What if someone died from that piece hitting their house? (Donnie Darko!)
                Reading around a bit more, it sounds like the big concern is the PW4000 engine. Those engines are specifically on the 777 used by United and JAL. A 777 in Japan with the same engine apparently suffered a failure in December. A Dutch cargo plane with a smaller version of the same engine also had an engine failure a few days ago resulting in debris raining down. There is a pic of a fan blade stickit out of the the roof of a car allegedly. Can't say I fault anyone for grounding planes with those engines currently.

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                • I’ll second the engines are separate concept with a story. My company owns a lot of jets. We don’t own many engines. Not anymore. We used to buy complete aircraft from a certain Windy company. But we apparently took it in the pants once when we didn’t realize you need meticulous records once you sell the thing. Well, we didn’t maintain the records so the aircraft were essentially worthless.

                  So we started buying jets and leasing the engines. Now, here’s where it’s gets funny. The jets have such a long backlog, corporations and private parties are willing to do a lot to jump the line. Oftentimes we are able to sell the jets at a profit.

                  So yeah, we buy the jets direct and lease the engines from one of the companies (can’t remember with 100% certainty which one). It’s a little more expensive but it completely offloads the need for us to maintain the mountain of records and preserves the value of the plane itself.
                  Last edited by dxmnkd316; 02-23-2021, 08:11 AM.
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                  Originally posted by SanTropez
                  May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                  Originally posted by bigblue_dl
                  I don't even know how to classify magic vagina smoke babies..
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                  When the giraffes start building radio telescopes they can join too.
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                  • Originally posted by dxmnkd316 View Post
                    I’ll second the engines are separate concept with a story. My company owns a lot of jets. We don’t own many engines. Not anymore. We used to buy complete aircraft from a certain Windy company. But we apparently took it in the pants once when we didn’t realize you need meticulous records once you sell the thing. Well, we didn’t maintain the records so the aircraft were essentially worthless.

                    So we started buying jets and leasing the engines. Now, here’s where it’s gets funny. The jets have such a long backlog, corporations and private parties are willing to do a lot to jump the line. Oftentimes we are able to sell the jets at a profit.

                    So yeah, we buy the jets direct and lease the engines from one of the companies (can’t remember with 100% certainty which one). It’s a little more expensive but it completely offloads the need for us to maintain the mountain of records and preserves the value of the plane itself.
                    Makes total sense - the FAA *is* awfully nosy when it comes to engine maintenance. Picky...picky...picky. <winky emoji>
                    If you don't change the world today, how can it be any better tomorrow?

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                    • Originally posted by Proud2baLaker View Post

                      Reading around a bit more, it sounds like the big concern is the PW4000 engine. Those engines are specifically on the 777 used by United and JAL. A 777 in Japan with the same engine apparently suffered a failure in December. A Dutch cargo plane with a smaller version of the same engine also had an engine failure a few days ago resulting in debris raining down. There is a pic of a fan blade stickit out of the the roof of a car allegedly. Can't say I fault anyone for grounding planes with those engines currently.
                      Sounds like the media overblowing it to me ;^)
                      "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                      -aparch

                      "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                      -INCH

                      Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                      -ScoobyDoo 12/17/2007

                      Comment


                      • Originally posted by Deutsche Gopher Fan View Post
                        On the topic of taxes, got my docs together to drop off at accountant. Yikes.

                        it may be hard to meet people in a pandemic but looks like I may be getting right royally ****ed by the government shortly
                        I did mine...and yeah I was about to get prison raped but thanks to a screw up by my college forcing me to pay for a semester of my MBA classes I qualified for an education credit so I got saved. Owe the state though...

                        My parents got dinged pretty bad and they really don't have the money for it.
                        "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                        -aparch

                        "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                        -INCH

                        Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                        -ScoobyDoo 12/17/2007

                        Comment


                        • Originally posted by Handyman View Post

                          I did mine...and yeah I was about to get prison raped but thanks to a screw up by my college forcing me to pay for a semester of my MBA classes I qualified for an education credit so I got saved. Owe the state though...

                          My parents got dinged pretty bad and they really don't have the money for it.
                          So what is this the result of, the stimulus payments, unemployment, something else?
                          That community is already in the process of dissolution where each man begins to eye his neighbor as a possible enemy, where non-conformity with the accepted creed, political as well as religious, is a mark of disaffection; where denunciation, without specification or backing, takes the place of evidence; where orthodoxy chokes freedom of dissent; where faith in the eventual supremacy of reason has become so timid that we dare not enter our convictions in the open lists, to win or lose.

                          Comment


                          • Originally posted by SJHovey View Post

                            So what is this the result of, the stimulus payments, unemployment, something else?
                            Can't be the stimulus since they aren't clawing back overpayments.

                            Most likely culprit will be withholding issues since Trump's IRS constantly issued standard withholding tables that withheld too little to make people "feel" richer and spend more. So if you didn't manually ask your employer to withhold more, you'll have a big hit this April. The cap on state and local tax deductions also hurts since it will lower a lot of people's itemized deductions or switch many people to instead take the standard.
                            Last edited by unofan; 02-23-2021, 11:26 AM.

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                            • Originally posted by SJHovey View Post

                              So what is this the result of, the stimulus payments, unemployment, something else?
                              Stimulus and unemployment...I was expecting it because I had been on unemployment before and knew what the Stimulus really was. I was prepared...they didn't pay attention enough to me when I told them what was coming.

                              I have to do the GFs soon and hers could get real interesting. (as much as taxes can be interesting)
                              "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                              -aparch

                              "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                              -INCH

                              Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                              -ScoobyDoo 12/17/2007

                              Comment


                              • Originally posted by unofan View Post

                                Can't be the stimulus since they aren't clawing back overpayments.

                                Most likely culprit will be withholding issues since Trump's IRS constantly withheld too little in the standard withholding tables to make people "feel" richer and spend more. So if you didn't manually ask your employer to withhold more, you'll have a big hit this April. The cap on state and local tax deductions also hurts since it will lower a lot of people's itemized deductions or switch many people to instead take the standard.
                                This hurt a little bit for them as well. The tax cut my dad loved so much bit him just like I told him it was going to.

                                The problem is my parents are on SS and my dad works part time. (my mom can no longer work but gets unemployment because of the extensions) Lots of little things added up.

                                For me it was unemployment mostly.

                                They aren't clawing back overpayments but there was definitely a change in my return when I put in what I got for the Stimulus. I don't remember what it is because I filed it already and don't care anymore but something is baked in there.
                                "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                                -aparch

                                "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                                -INCH

                                Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                                -ScoobyDoo 12/17/2007

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