Interesting little tidbit

Greg Hill · 11-12-2010, 12:58 PM

While looking over NHRA's 2008 Tax return I came across this little jewel in the section for independent contractors compensation. They paid one Jason Peters of Eloy,AZ., $106,125. Can anyone guess what this payment was for? Well I'll tell you. Parachute jumper. I wonder whose cousin or brother-in law he is?

Stock4106 · 11-12-2010, 01:22 PM

WOW, I'm in the wrong business.

Jim Wahl · 11-12-2010, 01:25 PM

WOW! I did that once and it was a blast! But I paid them to kick me out of the plane! I didn't know they were supposed to pay me to do it! And pay me so well!!!!! Jim

Tim Kish · 11-12-2010, 01:38 PM

$4600 / National event. Even at one jump per event factor his travel time, airfare, lodging, meals, and rental of a plane he can jump out of. Plus I'd guess he has to carry his own insurance which probably isn't cheap in that line of work.

Harry 6674 · 11-12-2010, 02:23 PM

I think the army gave me an extra $50.00 per month.

Stewart Way · 11-12-2010, 04:47 PM

Tim
Your right, and what the expenses don't eat, since he is an Independent Contractor, he has to pay 15.3% SS, 20-26% Fed Tax and likely 6% State tax on what he pulls out for pay. That takes care of over 40% of what is left. Not too much all considered.
Harry
My Haz. duty pay was 90/mo. in 73-74

67chevygary · 11-12-2010, 07:51 PM

Didn't a jumper die after hitting the jersey wall at Pomona a few years back?

11-12-2010, 12:58 PM	#1
Greg Hill VIP Member Join Date: May 2006 Location: Louisville , KY Posts: 1,995 Likes: 68 Liked 279 Times in 68 Posts	Interesting little tidbit While looking over NHRA's 2008 Tax return I came across this little jewel in the section for independent contractors compensation. They paid one Jason Peters of Eloy,AZ., $106,125. Can anyone guess what this payment was for? Well I'll tell you. Parachute jumper. I wonder whose cousin or brother-in law he is? __________________ Greg Hill 4171 STK

11-12-2010, 01:22 PM	#2
Stock4106 Member Join Date: Aug 2005 Location: Covington, LA Posts: 99 Likes: 0 Liked 10 Times in 4 Posts	Re: Interesting little tidbit WOW, I'm in the wrong business. __________________ Owen S. Birkett Stock/Super Stock 4106

11-12-2010, 01:25 PM	#3
Jim Wahl Veteran Member Join Date: Jan 2002 Location: Central Florida Posts: 5,843 Likes: 663 Liked 682 Times in 128 Posts	Re: Interesting little tidbit WOW! I did that once and it was a blast! But I paid them to kick me out of the plane! I didn't know they were supposed to pay me to do it! And pay me so well!!!!! Jim __________________ Jim Wahl....NHRA #2239 S/SS - IHRA # 8 Stock, D2 Stock Champion (forever I guess) 2019 Baby Gators Stock Champion 2009 D2 National Open Stock Champion 1981 D2 West Palm Beach LDRS SS Runner Up Past President, Southern Stock / Super Stock Association.

11-12-2010, 01:38 PM	#4
Tim Kish Member Join Date: Nov 2003 Location: Kalamazoo, MI Posts: 281 Likes: 2 Liked 11 Times in 4 Posts	Re: Interesting little tidbit $4600 / National event. Even at one jump per event factor his travel time, airfare, lodging, meals, and rental of a plane he can jump out of. Plus I'd guess he has to carry his own insurance which probably isn't cheap in that line of work. __________________ Tim Kish 3032 SS/GS

11-12-2010, 02:23 PM	#5
Harry 6674 Senior Member Join Date: Dec 2006 Posts: 589 Likes: 0 Liked 0 Times in 0 Posts	Re: Interesting little tidbit I think the army gave me an extra $50.00 per month.

11-12-2010, 04:47 PM	#6
Stewart Way Member Join Date: Aug 2003 Location: Atlanta Posts: 476 Likes: 20 Liked 70 Times in 22 Posts	Re: Interesting little tidbit Tim Your right, and what the expenses don't eat, since he is an Independent Contractor, he has to pay 15.3% SS, 20-26% Fed Tax and likely 6% State tax on what he pulls out for pay. That takes care of over 40% of what is left. Not too much all considered. Harry My Haz. duty pay was 90/mo. in 73-74 __________________ Stewart Way 2424 SS

11-12-2010, 07:51 PM	#7
67chevygary Junior Member Join Date: Dec 2007 Posts: 51 Likes: 0 Liked 0 Times in 0 Posts	Re: Interesting little tidbit Didn't a jumper die after hitting the jersey wall at Pomona a few years back?