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Obama Calls People Earning $250,000 a Year 'Jet Owners'
wsj ^ | 6/29/11 | Robert Frank

Posted on 06/29/2011 1:03:55 PM PDT by Nachum

President Obama has a new term for the people he wants to tax more: jet owners.

In his news conference today, the president said: “I think it’s only fair to ask an oil company or a corporate jet owner that’s doing so well to give up that tax break….I don’t think that’s real radical.”

(Courtesy of JetSuite Air)

Asking private-jet owners to give up tax breaks may not be that radical. And it probably would be supported by the vast majority of the nonjet-owning voters.

The problem is that most of the people that would be subject to the higher taxes the president wants aren’t likely to be private-jet owners. Someone earning $250,000 a year–among those scheduled for a tax increase in 2012–is unlikely to afford a jet–or even a few charter trips on a jet.

For those, like the president, who may not be well-versed in Jetonomics, here are some of the basics. The numbers come courtesy of Jay Duckson at Central Business jets:

COST OF BUYING A JET

New Citation CJ (entry level jet)–$5 million. Annual operating costs (fuel, hangar space, pilots) about $500,000.

Cheapest Used Jet–$100,000 to $500,000. Annual operating costs (hangar, pilots, mechanics, fuel) about $1 million a year.

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: News/Current Events
KEYWORDS: calls; earning; fubo; jetowners; jetownersspeech; liar; marxistcreep; obama; people; thief
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Maybe a kid's model jet, you know like those little plastic ones by Revelle...
1 posted on 06/29/2011 1:04:04 PM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 06/29/2011 1:05:43 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

3 posted on 06/29/2011 1:06:49 PM PDT by oldleft
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To: Nachum

Pretty soon $250K is going to be known as “working poor”


4 posted on 06/29/2011 1:07:09 PM PDT by PGR88 (I'm so open-minded my brains fell out)
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To: Nachum

Mmmmm, too close to the 4th. I’m keeping my mouth shut.


5 posted on 06/29/2011 1:08:40 PM PDT by Thrownatbirth (.....Iraq Invasion fan since '91.)
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To: Nachum

Maybe Chris Wallace will ask him about this flaky gaffe.


6 posted on 06/29/2011 1:09:10 PM PDT by Freedom_Is_Not_Free (SP12: They called Reagan "unelectable", too.)
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To: Nachum
At a certain point, hasn't Ubama earned enough money?
7 posted on 06/29/2011 1:09:14 PM PDT by E. Pluribus Unum (If Sarah Palin really was unelectable, state-run media would be begging the GOP to nominate her.)
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To: Nachum
Obama Calls People Earning $250,000 a Year 'Jet Owners'

Well he's certainly done more than his share to reduce the number of people in that bracket.

8 posted on 06/29/2011 1:10:13 PM PDT by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: PGR88

Tyrants generate class warfare.


9 posted on 06/29/2011 1:10:50 PM PDT by Rapscallion (Considering our socialist leader and our progressive congress, I now favor revolt.)
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To: Nachum

Well, seeing how Hussein flies around on a jet he doesn’t own or pilot, but which goes wherever he says on pain of severe punishment for the crew if they disobey, I’d call him a jet hijacker.

But B-HO probably wouldn’t take that as an insult.


10 posted on 06/29/2011 1:10:59 PM PDT by Hunton Peck (See my FR homepage for a list of businesses that support WI Gov. Scott Walker)
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To: Nachum
Obama wishes he were a "Jest owner". The guy is plain stuck on stupid. I'd rather have Chris Rock as president. I hate Chris Rock, but at least he's funny when he jests.

Chris Rock quote: "I don't get high, but sometimes I wish I did. That way, when I messed up in life I would have an excuse. But right now there's no rehab for stupidity."

11 posted on 06/29/2011 1:12:31 PM PDT by roadcat
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To: Nachum

All your money are belong to us.


12 posted on 06/29/2011 1:12:59 PM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: Nachum

Meanwhile, ‘Shelley just returns from vacation, oops, I mean, serious ambassador of good-will trip to Africa on Air Force II with a couple hundred friends and attendents at the expense of the American taxpayer. Some of those taxpayers might actually own jets too.


13 posted on 06/29/2011 1:13:34 PM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: Nachum
A lot of those private jets are owned by Far Leftwingtard Foundations.

Here's a thought ~ TAX FOUNDATIONS.

14 posted on 06/29/2011 1:15:45 PM PDT by muawiyah
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To: Nachum
Jets owner


15 posted on 06/29/2011 1:16:12 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: Nachum

WOW. Wonder what the Hollywood liberal types who WUV Hussein think about this? People like Travolta, Ford and others who have hangars full of aircraft are zipping around, using all that fossil fuel, lecturing the common folk about ecology should be outraged. Right?


16 posted on 06/29/2011 1:16:23 PM PDT by ClearBlueSky (Whenever someone says it's not about Islam-it's about Islam. Jesus loves you, Allah wants you dead!)
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To: Nachum

And....I wonder. Of those who do make $250,000 a year, for how many is it a once in a lifetime deal? Those that come to mind are:

...The real estate agent who sells that once in a career property.

...The neighborhood attorney who has a once in a lifetime settlement.

.. The inventor who sells his once in a lifetime patent.

.. The business manager who makes a once in a lifetime bonus for making a great deal for his company

.. Or, Someone like my husband, the chemist, who invented a product for his company.

( Just wondering)

The above people are NOT rich and never will be rich, but why should they knock themselves out working 80 hours a week just so a socialist can make them a slave to the government? Can anyone spell *J*o*h*n**G*a*l*t*?

Then there are many people who may make $250,000 a year but only for a short time in their careers:

** The surgeon or dentist who may have a high income for only 5, 10, or 15 years of their 25 to 30 year career.

** The professional athlete

** The successful entertainer


17 posted on 06/29/2011 1:16:27 PM PDT by wintertime
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To: Nachum

How about a really big bundle of helium balloons, like the guy who went up in a lawn chair - is that a jet in Bambi’s world??


18 posted on 06/29/2011 1:17:05 PM PDT by GnuHere
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To: muawiyah

McCaskill didn’t pay taxes on plane

Sen. Claire McCaskill (D-Mo) failed to pay $287,273 in personal property taxes on a private airplane for the past four years and will immediately repay St. Louis County for back taxes owed.
http://www.freerepublic.com/focus/f-news/2692348/posts


19 posted on 06/29/2011 1:18:38 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: Nachum

he really is stooopid


20 posted on 06/29/2011 1:19:12 PM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: subterfuge

Limousine liberals? Number of government-owned limos has soared under Obama

http://www.freerepublic.com/focus/f-news/2727823/posts

EXTRA wide limo for her.


21 posted on 06/29/2011 1:19:46 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: The Sons of Liberty

Well, the owner of one of these Jet manufactures I believe is none other than Warren Buffett, one of the Zero’s principal supporters. I wonder how he feels being the equilivent of his gym supporter now.


22 posted on 06/29/2011 1:20:45 PM PDT by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: Nachum
One would have better luck trying to toilet train a goose than trying to make economic sense of what comes out of ObaMao's mouth.

He doesn't have the sense that God gave a goose. Neither do most of the people who voted for him.

23 posted on 06/29/2011 1:21:22 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Nachum

Remember, boys and girls, Palin is dumb and Bachmann is a flake because Anderson Cooper told us it was true.


24 posted on 06/29/2011 1:23:27 PM PDT by JusPasenThru (HEY UNION MEMBER: INVEST IN YOUR OWN DAMN INFRASTRUCTURE FOR A CHANGE!)
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To: Doogle

http://www.youtube.com/watch?v=bs-Q0JmWjj0


25 posted on 06/29/2011 1:25:27 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: wintertime

Meg Whitman on Fox right now talking about business people being demonized.
And think about surgeons who go into a specialty - they don’t even START on a professional level salary ‘til their ‘30s. And probably 6-figure debt of varying degrees. By that time they are at least a decade behind in earnings compared to those who chose union or govt jobs; the only people in society being rewarded right now.


26 posted on 06/29/2011 1:25:53 PM PDT by GnuHere
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To: All

anyone starting to think these class warfare speeches are really coded signals to the apes in the inner-city to form their flash mobs and attack whitey?
Hell we’ve got enough anecdotal evidence to run it as the top story on CBS....


27 posted on 06/29/2011 1:27:46 PM PDT by Maverick68
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To: WOBBLY BOB
That's amazing ~ you know none of the McCaskills have had a real job in over a century. The whole family are government parasites.

So how is it they could own an airplane that has a $60K per year property tax?

28 posted on 06/29/2011 1:27:59 PM PDT by muawiyah
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To: JusPasenThru
Isn't Anderson Cooper a fairy anyway?

He's going to be critical of any woman who dares come out in public.

Best he be banned until the end of the election.

29 posted on 06/29/2011 1:29:38 PM PDT by muawiyah
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To: Rapscallion

Your statement is true, but class envy will always exist, even without tyrants.

As a side note, I think Obama and the Democrats could actually make a case of increased taxes for the “rich” if they defined the rich as something like anyone who recieves $ 1,000,000 a year. In fact, if the Dems or the Repubs shifted the tax base off of anyone making less then $250,000 per year, he or they could get a huge ground swell of support.

I just watched a documentary done by the great grandson of one of the Johnson and Johnson founders, called something like “the 1 percent”. It is very eye opening and disturbing how super wealthy some people are and how many breaks they still get from the government and how they influence the government and how they get away with so much. I think that the super rich should take more steps to publicize how they contribute to the community and country, or we will see something here in the United States like the French Revolution.


30 posted on 06/29/2011 1:33:02 PM PDT by ScubieNuc
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To: Nachum

Unless I’m wrong Barry is the one who initiated the jet owners tax breaks so he could have more shovel ready jobs in small jet manufacturing. I hope somebody at Fox brings that little jewel to light tonight.


31 posted on 06/29/2011 1:45:50 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: roadcat

He’s got more on the ball the than the “one”.


32 posted on 06/29/2011 1:50:23 PM PDT by wordsofearnest (Proper aim of giving is to put the recipient in a state where he no longer needs it. C.S. Lewis)
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To: Nachum

The Joint Chiefs of Staff make almost 250K with pay and benefits. Not that they do it for the money. I don’t think they have their own private jets.


33 posted on 06/29/2011 1:50:39 PM PDT by castlegreyskull
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To: Nachum

The War on Achievement continues....


34 posted on 06/29/2011 1:51:36 PM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: Georgia Girl 2
You are exactly right. 0bungles started the "jet owner's tax break."

Obama Blasts Private Jet Tax Breaks Created by His Own Stimulus

But the corporate jet tax break to which Obama was referring – called “accelerated depreciation,” and a popular Democratic foil of late – was created by his own stimulus package.

Proponents of the tax break lauded it as a means to spur economic activity by encouraging purchases of large manufactured goods (planes). So the president’s statement today – and his call to repeal that tax break generally – is either a tacit admission that the stimulus included projects that did not, in fact, stimulate the economy, or an attempt to “soak the rich” without regard for the policy’s effects on the economy.

Scribe - Bluey Reports; author: Lachlan Markay


35 posted on 06/29/2011 1:52:26 PM PDT by TigersEye (Wranglers not Levis. Levi Strauss is anti-2nd Amendment.)
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To: muawiyah
So how is it they could own an airplane that has a $60K per year property tax?

14 Amendment. The debts of government officials shall not be questioned, or something.

36 posted on 06/29/2011 1:52:38 PM PDT by Drill Thrawl (No one is more against progress than a progressive.)
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To: wintertime
My IRS form says that I am an Obama jet owner, but I don't own a jet. I don't even own a propeller driven airplane, I fly commercial coach.

Why is the IRS income so high then? It is because I am a part owner of a Subchapter S corporation and so business “paper profits” are reported as “income” on my personal tax return. The irony is that the business has profits, but those profits have never turned into “cash” that I can get. It always needs new investments in capital, paying off old loans, buying out other stockholders, making down payments on assets, etc.

As such I get the opportunity to pay taxes on “theoretical income” that someday, I may get as retained earnings, but doubt that I will ever see.

To be offered the opportunity to pay more taxes on theoretical income by our current president is just plain nuts.

37 posted on 06/29/2011 1:54:39 PM PDT by Robert357 (D.Rather "Hoist with his own petard!" www.freerepublic.com/focus/f-news/1223916/posts)
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To: Rapscallion

Envy is the mother of tyranny. Just ask the Founding Fathers. That’s why they wrote the Constitution.


38 posted on 06/29/2011 2:01:03 PM PDT by jonrick46 (2012 can't come soon enough.)
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To: Nachum
Well, Obama has free use of a jet right now.
Maybe he's just confused and thinks everyone has one.
39 posted on 06/29/2011 2:03:30 PM PDT by ken in texas (Can't Afford a Tagline... send money.)
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To: Nachum

Back in the 70’s I heard Paul Harvey say that if all income over 50,000 were taxed at 100% it would run the gov’t just a few days. I doubt if much has changed, except the numbers.


40 posted on 06/29/2011 2:06:20 PM PDT by Waco (Nominate Palin or forget 2012 you lost)
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To: Nachum

His Wookie bride made that much sitting in a window.


41 posted on 06/29/2011 2:09:09 PM PDT by tumblindice
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To: Nachum

This guy is off-planet.


42 posted on 06/29/2011 2:10:03 PM PDT by texmexis best
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To: wintertime
The surgeon or dentist who may have a high income for only 5, 10, or 15 years of their 25 to 30 year career.

I think of the surgeon earning $300,000 a year, then I think of how much of that goes to malpractice insurance and repaying student loans.

43 posted on 06/29/2011 2:19:42 PM PDT by antiRepublicrat
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To: castlegreyskull

The Joint Chiefs of Staff make almost 250K with pay and benefits. Not that they do it for the money. I don’t think they have their own private jets.


Think again. They don’t pay for them, but they fly corporate style jets, and the moment their butt hits the seat, they take off, just like private jets.


44 posted on 06/29/2011 2:27:51 PM PDT by Atlas Sneezed (End the "Fiscal Fiasco" in 2012!)
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To: Nachum

A rich person either spends his money, which helps the economy, or saves it, which helps the economy by being invested. Or he can be taxed, which hurts the economy through waste, inefficiency, corruption, and increased bureaucracy.


45 posted on 06/29/2011 2:29:47 PM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: Nachum

I watched that farce on the tv today. What an incmpetent hack he is.


46 posted on 06/29/2011 2:34:14 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who wonÂ’t leave.)
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To: Nachum
How about a washed up Homo community organizer who got 300K a year for his retarded terrorist loving Wife?
47 posted on 06/29/2011 2:46:42 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Nachum

Obozo’s and the dim’s plans for taxes is a farce. Those “rich” people he tries to persuade us he wants to tax are rich enough to know how to keep their money from being taxes, and Obozo knows this. The actual people who will see tax increases are just scraping by in most cases - Those making from $250k to one million are typically people who must meet overhead, payroll, and re-invest a good portion of their profits back into their business to keep moving forward. What they pay themselves is nowhere near “rich”.


48 posted on 06/29/2011 3:02:31 PM PDT by SoldierDad (Proud dad of an Army Soldier currently deployed in the Valley of Death, Afghanistan)
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To: muawiyah

Because insider trading is 100% legal for our representatives...

I mean if I knew who was going to be awarded contracts before they let, or if I knew what real-estate to buy because I was passing a law... etc etc.

Most of them are crooks, all parties. Term-Limits is the only possible option, and get rid of their lifetime pensions for a term.

Boiling mad is what this makes me.

My wife pull in a bit over 250k per year. We can’t afford to buy a damn house, we drive a old Honda, and an old Toyota, and we try to save for our futures by investing our money so we know we don’t have to depend on the government. We are clearly the enemy. When your house payment can be 3-5K/month, your property taxes 10k/year... what the heck is 250k good for?

We can’t fly first class, we look for the best priceline tickets when we get a chance to take a vacation.

The issue is simple... THE GOVERNMENT IS THE PROBLEM.


49 posted on 06/29/2011 3:07:00 PM PDT by light-bulb (Plures efficimur quotiens metimur a vobis; semen est sanguis Christianorum)
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To: texmexis best; Nachum

He’s going off of the rails on a crazy train. [Yes, I think he’s self-medicating.] I read on Ace of Spades that Obama is blaming all his problems to date on listening too much to his advisers. Since his ‘gutsy’ Osama call, insiders say, Obama has concluded success lies with listening to his own instincts *alone*. (Which is the exact conclusion any bat-guano crazy Malignant Narcissist would come to.)

Look for more insanity in the days and months to come. Obama unleashed—unhinged would be more apt—will make a loose canon look rational. He will self-destruct before ‘12. When an unaccomplished, untalented, inexperienced former ‘community organizer’ cuts loose, the only way to go is down (and out).


50 posted on 06/29/2011 3:41:59 PM PDT by Fantasywriter
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