Kip Powick Posted December 19, 2023 Share Posted December 19, 2023 1 1 Link to comment Share on other sites More sharing options...
deicer Posted December 19, 2023 Author Share Posted December 19, 2023 One day Chuck Norris went skiing and broke the sound barrier... Link to comment Share on other sites More sharing options...
deicer Posted December 19, 2023 Author Share Posted December 19, 2023 Link to comment Share on other sites More sharing options...
st27 Posted December 19, 2023 Share Posted December 19, 2023 What a waste of an airplane (lucky the PAYING passengers weren’t hurt badly!) ….so many things wrong with the story…the host sums things up …. but really, unbelievable! 1 1 1 2 Link to comment Share on other sites More sharing options...
deicer Posted December 20, 2023 Author Share Posted December 20, 2023 2 1 Link to comment Share on other sites More sharing options...
J.O. Posted December 20, 2023 Share Posted December 20, 2023 19 hours ago, st27 said: What a waste of an airplane (lucky the PAYING passengers weren’t hurt badly!) ….so many things wrong with the story…the host sums things up …. but really, unbelievable! Back in the day we called those outfits "Chisel Charters". Hoover's right - this won't be the last one. There are plenty more of them out there doing similarly stupid stuff. 1 Link to comment Share on other sites More sharing options...
deicer Posted December 22, 2023 Author Share Posted December 22, 2023 Link to comment Share on other sites More sharing options...
Kip Powick Posted December 22, 2023 Share Posted December 22, 2023 RESCANCEL.mp4 Link to comment Share on other sites More sharing options...
st27 Posted December 23, 2023 Share Posted December 23, 2023 Next time you’re at Home Depot, you can be confident that the store was a good business model…….. https://luxurylaunches.com/transport/arthur-blank-oceanco-y726-superyacht.php Just a tad on the obscene side, imo. Link to comment Share on other sites More sharing options...
Malcolm Posted December 23, 2023 Share Posted December 23, 2023 2 hours ago, st27 said: Next time you’re at Home Depot, you can be confident that the store was a good business model…….. https://luxurylaunches.com/transport/arthur-blank-oceanco-y726-superyacht.php Just a tad on the obscene side, imo. and then of course 1 Link to comment Share on other sites More sharing options...
deicer Posted December 23, 2023 Author Share Posted December 23, 2023 1 Link to comment Share on other sites More sharing options...
boestar Posted December 24, 2023 Share Posted December 24, 2023 11 hours ago, st27 said: Next time you’re at Home Depot, you can be confident that the store was a good business model…….. https://luxurylaunches.com/transport/arthur-blank-oceanco-y726-superyacht.php Just a tad on the obscene side, imo. I did some work for Home depot in Atlanta on one of their $90M Global Express Jets. Why is this any different. He has the money he can spend it as he chooses. Do I agree that he needs that much? No but he earned it so let him spend it as he pleases. It keeps a LOT of people employed. 1 1 Link to comment Share on other sites More sharing options...
st27 Posted December 24, 2023 Share Posted December 24, 2023 I get it ….just posted to show what is going on in the boating world….and good examples of trickle down economics. Link to comment Share on other sites More sharing options...
conehead Posted December 24, 2023 Share Posted December 24, 2023 Bentley vs Airbus. 2 Link to comment Share on other sites More sharing options...
deicer Posted December 25, 2023 Author Share Posted December 25, 2023 If you like it hot... https://www.iflscience.com/pepper-x-is-crowned-worlds-hottest-chili-by-guinness-world-records-71174 Link to comment Share on other sites More sharing options...
Malcolm Posted December 26, 2023 Share Posted December 26, 2023 1 Link to comment Share on other sites More sharing options...
mo32a Posted December 26, 2023 Share Posted December 26, 2023 $600,000??? Link to comment Share on other sites More sharing options...
UpperDeck Posted December 26, 2023 Share Posted December 26, 2023 On 12/23/2023 at 8:31 PM, boestar said: I did some work for Home depot in Atlanta on one of their $90M Global Express Jets. Why is this any different. He has the money he can spend it as he chooses. Do I agree that he needs that much? No but he earned it so let him spend it as he pleases. It keeps a LOT of people employed. Only slightly on point.....I had a boating "neighbour" at Miami Beach Marina some years ago. Her name was Shari Arison. Her brother is Micky Arison. They own(ed) 30% of Carnival Cruise Lines; a bank in Israel etc etc. She had a 230+ ft boat and I got to know a few of the crew. I think there were about 18 crew members. They were in the process of having a new one built.....270 ft. "just because". It goes without saying but...1) I was never closer to the boat than the dock ; and, 2) I doubt I was ever in the same State as the owner at the same time. However...being in proximity to that kind of wealth can have its advantages. Another year I was on a dock at the same marina and the owner of Albertsons ( large chain of stores) had a largish boat on the T-head. He was orthodox and apparently one of the crew did something in the galley "un-kosher". The Captain was directed to completely gut the galley. I was the fortunate beneficiary of a few very nice ( and expensive) appliances!! 1 Link to comment Share on other sites More sharing options...
Kip Powick Posted December 26, 2023 Share Posted December 26, 2023 On 12/24/2023 at 12:53 PM, conehead said: Bentley vs Airbus. I was good to go until he started to fondle the side stick..... 1 1 Link to comment Share on other sites More sharing options...
boestar Posted December 28, 2023 Share Posted December 28, 2023 On 12/26/2023 at 2:17 PM, UpperDeck said: Only slightly on point.....I had a boating "neighbour" at Miami Beach Marina some years ago. Her name was Shari Arison. Her brother is Micky Arison. They own(ed) 30% of Carnival Cruise Lines; a bank in Israel etc etc. She had a 230+ ft boat and I got to know a few of the crew. I think there were about 18 crew members. They were in the process of having a new one built.....270 ft. "just because". It goes without saying but...1) I was never closer to the boat than the dock ; and, 2) I doubt I was ever in the same State as the owner at the same time. However...being in proximity to that kind of wealth can have its advantages. Another year I was on a dock at the same marina and the owner of Albertsons ( large chain of stores) had a largish boat on the T-head. He was orthodox and apparently one of the crew did something in the galley "un-kosher". The Captain was directed to completely gut the galley. I was the fortunate beneficiary of a few very nice ( and expensive) appliances!! There is a method to the expensive boat and the act of holding it for a few years and then getting rid of it. It is called Tax avoidance. What these companies do is start a shell company that "charters" the yaught. Since they don't really try to "Charter" it but instead just use it to entertain clients etc. They lose money. But the IRS does not let you lose money indefinitely so you need to "sink" the company. In doing so you get away from a heavy tax burden since you took a loss but still had full use of the yaught for a few years. Then you sell it off to recoup the cost (portion there of) then start the process again. This was explained to be by a large business owner in Miami. It seems the old adage that you need money to make money holds true here. Of course it also points out that Tax Avoidance is the legal version of Tax Evasion. 1 Link to comment Share on other sites More sharing options...
deicer Posted December 28, 2023 Author Share Posted December 28, 2023 6 hours ago, boestar said: There is a method to the expensive boat and the act of holding it for a few years and then getting rid of it. It is called Tax avoidance. What these companies do is start a shell company that "charters" the yaught. Since they don't really try to "Charter" it but instead just use it to entertain clients etc. They lose money. But the IRS does not let you lose money indefinitely so you need to "sink" the company. In doing so you get away from a heavy tax burden since you took a loss but still had full use of the yaught for a few years. Then you sell it off to recoup the cost (portion there of) then start the process again. This was explained to be by a large business owner in Miami. It seems the old adage that you need money to make money holds true here. Of course it also points out that Tax Avoidance is the legal version of Tax Evasion. It's also why sports teams are owned by billionaires. https://minnesotareformer.com/2021/07/15/the-billionaire-playbook-how-sports-owners-use-their-teams-to-avoid-millions-in-taxes/ The Billionaire Playbook: How Sports Owners Use Their Teams to Avoid Millions in Taxes Link to comment Share on other sites More sharing options...
deicer Posted December 28, 2023 Author Share Posted December 28, 2023 This is a fun channel to watch with the odd gem that pops in.... Link to comment Share on other sites More sharing options...
Kip Powick Posted December 28, 2023 Share Posted December 28, 2023 20 minutes ago, deicer said: This is a fun channel to watch with the odd gem that pops in.... That guy has to get a grip on reality, Never heard a guy have an organism while watching an aircraft land...... 2 Link to comment Share on other sites More sharing options...
Specs Posted December 28, 2023 Share Posted December 28, 2023 57 minutes ago, deicer said: This is a fun channel to watch with the odd gem that pops in.... That guy needs to be doing the baseball play by play 1 Link to comment Share on other sites More sharing options...
UpperDeck Posted December 29, 2023 Share Posted December 29, 2023 18 hours ago, boestar said: There is a method to the expensive boat and the act of holding it for a few years and then getting rid of it. It is called Tax avoidance. What these companies do is start a shell company that "charters" the yaught. Since they don't really try to "Charter" it but instead just use it to entertain clients etc. They lose money. But the IRS does not let you lose money indefinitely so you need to "sink" the company. In doing so you get away from a heavy tax burden since you took a loss but still had full use of the yaught for a few years. Then you sell it off to recoup the cost (portion there of) then start the process again. This was explained to be by a large business owner in Miami. It seems the old adage that you need money to make money holds true here. Of course it also points out that Tax Avoidance is the legal version of Tax Evasion. Boestar...I'm in shock. A socialist in our midst? Seriously...no disrespect intended BUT.....taxes are a "good thing" and minimization of tax liability is bad?? There is a VERY basic rule....expenses related to business activity that is not expected to generate net income is NOT accepted by the CRA or IRS as deductible! Many years ago, there was a "scheme" promoted by many tax advisers where one invested in a charter yacht and depreciated the yacht and wrote off the proportionate share of the annual loss. Many "professionals" participated. The CRA disallowed the deductions. Lawsuits followed. Those against the advisors were mostly successful. I doubt that the billionaires I referenced were engaged in an effort to minimize taxes. Forget that. The fact is that those "owners" ( management companies) employ a LOT of people and maintenance of boats from small to large costs a LOT of money. Talk about contributions to the economy! Duh! A "wrench turner" in Florida just removing and re-installing basic mechanical components ( no service) expects $200/hr (+!!) for the principal and helper. Seriously ..$6000/30 hr week! And you know why? Because of those rich sob's who don't care about costs!! But on the other hand ....I got a quote for a 10x13 cement pad....1 1/2 day unskilled labour plus concrete and granular A.....$4000!! We're all going to hell in a hand basket! 1 Link to comment Share on other sites More sharing options...
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