StemmeWest Specials, Promotions, Etc.
Special Get Away
aka Wife Tax!
Image you & your loved one
enjoying the Spa, Tennis, Golf, Hiking, Horseback riding and you get a
mini-course in pre-flight and a flight the Stemme S10-VT (Approximately 3
hours with the instructor, 45 min to an hour flight). Enjoy two days and one night at the Historic
Warner Springs Ranch and Stemme Flight.
All for $400, (refunded when you buy your dream S10-VT). A Win Win
getaway! This is intended as a weekday retreat, but some weekends may be
available, Friday or Saturday nights are sometimes very hard to get! Reservations
must be made through StemmeWest. You can visit www.warnersprings.com
for more information on the Ranch ONLY. This
package is NOT available through the ranch nor is their reservation
department familiar with the "Stemme Package".
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Possible TAX incentives (We are hoping
that this will be extended to 2007)
We have found the following information on the web. Be advised we are not tax
advisors and you would have to check this out with your tax person. Since it
might be very nice, we recommend you check with your tax adviser ASAP!
Create Jobs by Extending Bonus Depreciation and Eliminating the Placed in
Service Requirement
Background
In order to stimulate the economy, the Jobs and Growth Tax Relief Reconciliation
Act of 2003 included a powerful incentive for companies to buy new capital
equipment, including business aircraft. The incentive, known as "bonus
depreciation," changes the timing of the standard depreciation schedule to
give more depreciation in year one but less depreciation in all future years
(the total amount of depreciation remains unchanged). In order to qualify for
this accelerated depreciation schedule, the new capital equipment must be
purchased AND placed in service before January 1, 2005 .
Bonus Depreciation Works
Surveys of recent aircraft purchasers show that bonus depreciation has been
directly responsible for generating over $2 billion worth of new airplane orders
since its enactment last May.
These new orders have pulled the general aviation industry out of a downward
spiral and preserved or created more than 20,000 airplane manufacturing jobs in
the United States.
Cost Effective
Because bonus depreciation relates only to timing and does not change the total
amount that can ultimately be depreciated, its true cost to the federal
government is close to zero. In fact, when you consider the corporate taxes
airplane manufacturers must pay on their profits and the income taxes their
employees must pay on their wages, bonus depreciation is really a revenue raiser
for the federal government.
Extension Needed Now
Congress intended bonus depreciation to remain a powerful incentive for capital
purchases through 2004. But for products that take a long time to build, like
airplanes, the bonus depreciation incentive will effectively expire much sooner.
Bottom Line
Deductions for costs associated with
ownership and operation of aircraft are limited according to the percentage of
qualified business use of the aircraft. In general the aircraft must be
used more than 50% for business purposes before any deductions are allowed,
and then deductions (including depreciation) are prorated according to the
actual percentage of business use.
The bonus first-year depreciation is 50%,
bringing the total depreciation allowable in Year 1 up to as much as 60% of the
acquisition cost of a new aircraft. For a California resident in the
maximum Federal tax bracket this creates an instant cash tax deferral of
approximately 26% (43% of 60%) of the total price of the aircraft - more
than enough to handle a hefty down payment
Once again
Consult your advisors. We are not in the tax advice business.
StemmeWest, LLC
Sky Sailing, Inc. 31930 Hwy 79 Warner Springs CA 92086
760.782.0404
StemmeWest, LLC is located with Sky Sailing tm, Inc
Sky Sailing Home
For more information Demo flights etc. Contact below
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We would like to hear from you! Please
email to:
Please add, stemme,
in the subject line and what ever else you want. We get over 900
SPAMs everyday. If somehow you are accidentally blocked please call and we will get you off
the blocked list. We apologize and enjoy your email, but we wish we could
hook up spamers to the tow plane without benefit of the glider!! If all
else fails; call us. We always try to get back ASAP to our customers
emails!!
I apologize for any inconvenience,
Garret (760) 782-0404 9 to 5 daily This is just a picture of our email
and hopefully it will stop the Web Spiders that check web sites for
addresses |
All specifications subject to change without notice. Images
can show details which are not part of the standard equipment
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