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Originally Posted by dc3flyer  Yeah, but don't forget, as a contract flight instructor you can write stuff off on your taxes. When I was a contract flight instructor I wrote off a headset, advertising costs (such as business cards/posters), even my car... it can actually turn out to be more money than you would expect. |
So since when is spending $100 to save $25 worth while? Keep in mind you don't write off that money from taxes owed, just your tax obligation. And that's only if you write off more than the $5,000 standard deduction as well, so it might not even save you any money.
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Originally Posted by Blackhawk So yes, you can make $40,000/year. |
Hey man, that's great. Most places aren't like that. That was what my post was about.
Also, I'd be wary about trusting your contracted employer about insurance. Chances are they carry liability insurance for them, not for you. Good idea about carrying additional insurance. Also, insurance can be rendered obsolete without a subrogation clause. I'd check into that too.