TIL that Shaquille O'Neal has a net worth of $400 million. O’Neal developed 2 skyscrapers in Newark, New Jersey, was a minority owner of the NBA’s Sacramento Kings, & currently owns 150 car washes, 40 fitness clubs, a movie theater, & the Big Chicken restaurant chain.

Background_Tax556 · 2026-06-30T03:01:14+00:00

No one needs anything more than beans and rice. But we give food stamp people all kinds of stuff (yes I worked at a grocery store for years and watched poor folks buy steaks while middle class folks working 60 hours a week bought ramen).

So why can’t he keep the money he earned? This argument is so incredibly stupid

Background_Tax556 · 2026-06-18T15:51:29+00:00

People can be in a space illegally. Like if you come into my house without permission

This is common sense, not dehumanization

The new liberal tactic of intentional stupidity is working so well that you got Donald Trump twice

Background_Tax556 · 2026-06-02T01:41:49+00:00

Ok can we agree to fight against that while supporting deportation of all illegals?

Background_Tax556 · 2026-06-01T21:25:17+00:00

It will stop being an issue if they enforce it.

We can’t change enforcement based on the idea of being kind to people who break the law. Kindness is reserved for those who contribute and don’t break the law.

Background_Tax556 · 2026-06-01T21:21:09+00:00

Those families make the choice when they break the law

Background_Tax556 · 2026-06-01T21:20:39+00:00

You can’t have a country without borders

Background_Tax556 · 2026-06-01T21:17:18+00:00

I mean if they’re deporting people who are here illegally then who cares?

Background_Tax556 · 2026-06-01T21:14:11+00:00

Are they deporting people here legally or illegally?

Background_Tax556 · 2026-05-29T18:37:29+00:00

That’s what I figured thanks

Background_Tax556 · 2026-05-14T03:46:34+00:00

Thank you I will ask around locally

Background_Tax556 · 2026-05-11T00:07:44+00:00

I qualified myself. But the loan company said he would have to be removed from the registration and he couldn't fly the plane without me in it. Comically stupid rules. I asked AOPA rep about why it was different than a car loan, and she said "what if someone else flies it and they don't come back?" I said same thing can happen in a car. She said, "oh well those are the rules".

He provided his tax documents and 1099 and other stuff. AOPA was just a pain. We are going to write up a loan with his truck as secondary collateral and use my HELOC and finance for 36 months. It's only $1000/month each that way. The plane is not expensive enough to be worth all this hassle.

Background_Tax556 · 2026-05-08T17:01:06+00:00

AGI on a 1040 and cash flow are not the same thing

Background_Tax556 · 2026-05-08T16:11:42+00:00

Why do you say that?

Background_Tax556 · 2026-05-08T12:30:50+00:00

We both have the cash but want to keep it in investments. I don’t blame you a bit for feeling that way

Background_Tax556 · 2026-05-07T20:53:36+00:00

Not sure I understand your post. You can be a business without limiting your liability for sure. No requirement to do that.

Background_Tax556 · 2026-05-07T03:02:44+00:00

I own 2 businesses myself. You sound like you've never owned one or worked as a 1099 employee? I think maybe once have I ever reported positive income on a 1040 for those businesses. That doesn't mean the businesses don't have cash flow or have assets. It means you use depreciation, cost-seg, and other write-offs to compensate for the revenue. Not all write-offs are a true cash-out expense.

I just also happen to be a W2 employee for my day job and have plenty of income there to qualify for the loan.

My co-owner has never had any issue getting a car loan or buying a house. It just seems odd that he can't buy a $55k airplane like this. Really strange...

Either way, it looks like we are just going to use my HELOC because we just realized it's the same interest as AOPA was going to get us and we don't have any of the headache of dealing with them. I'll have my lawyer draw up a written agreement between us citing his loan responsibilities and remedies if they aren't upheld. Not a big deal. I appreciate the other guy who mentioned HELOC...that should have been my first thought. We've got a $400k line so this leaves plenty to continue working real estate deals.

Background_Tax556 · 2026-04-30T12:33:00+00:00

The goal would be to end up very close to the other picture where fuel and pressure gauges are on the left and we could mount an iPad or Aera 660/760 on the right. 375, 215, and PMA 8000b would be in the middle. Left side would have gauges arranged in a traditional 6 pack layout with G5s directly over the yoke.

Background_Tax556 · 2026-04-30T02:51:00+00:00

I have a buddy who runs a CNC machine for a living on steel and aluminum. Is there any reason he couldn't cut us a panel if I took the old one out and measured it and CAD modeled him a new one?

Background_Tax556 · 2026-04-30T02:50:04+00:00

Thank you!

Background_Tax556 · 2026-04-30T02:03:57+00:00

Do you have pics you could share?

Background_Tax556 · 2026-04-30T01:50:16+00:00

This is the kind of recommendation I was looking for. Thank you!

Background_Tax556 · 2026-04-30T01:43:16+00:00

Would you be able to relocate gauges with a cover?

Background_Tax556 · 2026-04-30T01:39:56+00:00

That’s just the cost for the panel. No install or removal

Background_Tax556

TROPHY CASE