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Old 26th Sep 2002, 07:33
  #117 (permalink)  
Flat Side Up
 
Join Date: Mar 1999
Location: Australia
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Kap M,
Crapulence!
I turned up some old Tax Certificates as you suggested. So here are some facts based on B767.

Although some pre 89ers claimed $130000
my Jun 89 Tax Cert Income was $126000

Jun 90...............Less than above so not relevant.

Jun 91...............$157211

Jun 92...............$163663

Jun 93................$182432

Jun 94................$186760


Later records are held at my Tax Agent's office so they are not immediately to hand.

Now if you look at 89 versus 90 $157211 is 24.7% more than the 89 figure and certainly not twice or anywhere near the $385000 to $420000 you quoted earlier. Of course that is not the maximum it was possible to achieve.

Base Pay 55hr/mth 660hr/year was at $183 per hr which works out at $120780 per year. HOWEVER the max achievable if max hours were flown could be greater. For example if a pilot flew 900 hours (works out at 85hr42min/mth) and then had 6 weeks leave he could collect leave pay at his average preceeding. So it was possible to gross $188288, still well short of your erroneous figures. By the way your accountant informant could be in deep trouble if his indiscretion should be discovered. His figure may have included investment income other than flight pay.

Now I am long since departed from AN but in the interest of giving you as much information as I have to hand it is possible to estimate the Base Pay from the 10% super paid at Base Rate.
For 1995/6 it was $1239.80 per month so if we multiply that by 120 we get Base Pay of $148776 for that year.

Absolutely certain you will be able to misinterpret these to your complete satisfaction.

Last edited by Flat Side Up; 26th Sep 2002 at 23:26.
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