Lawn Dart
Registered User
Las Vegas, Nv
I had to see my CPA yesterday about my personal property tax on the FabHoe. Besides helping me with that task, the dirty bastard tallied up the cash outlay and divided it by the hours flown.
In the last 12 months, it?s cost me $510.23 per hour to enjoy this plane!
Just about half of that cost was the down payment, sales tax and interest on the loan.
I?ll bet that if you?ve just finished a restoration or recently purchased your plane, your numbers are pretty big too? I certainly hope that the first year is the most expensive to operate?
Good news is, I only paid $72.00 in labor (thus far).
Come on, be honest?What did it cost you?
Did you buy those updated GPS cards every 28 days? Purchase camping gear for that fly in? Get those big tires or put it on it?s nose? Once you got there, what did you pay to stay?... Instructors (others that actually made money while sitting in the seat of their Cub) can deduct monies earned from their hourly cost. Put another way, simply take what came out of the bank account for Cub activities over the last 12 months and divide it by the hours flown.
Be honest.
In the last 12 months, it?s cost me $510.23 per hour to enjoy this plane!
Just about half of that cost was the down payment, sales tax and interest on the loan.
I?ll bet that if you?ve just finished a restoration or recently purchased your plane, your numbers are pretty big too? I certainly hope that the first year is the most expensive to operate?
Good news is, I only paid $72.00 in labor (thus far).
Come on, be honest?What did it cost you?
Did you buy those updated GPS cards every 28 days? Purchase camping gear for that fly in? Get those big tires or put it on it?s nose? Once you got there, what did you pay to stay?... Instructors (others that actually made money while sitting in the seat of their Cub) can deduct monies earned from their hourly cost. Put another way, simply take what came out of the bank account for Cub activities over the last 12 months and divide it by the hours flown.
Be honest.