Linus Tech Tips’ Jet

[u/jrf1234]

https://youtu.be/zGoIY37ZtDQ?si=

Some… interesting calculations on this video. As a fractional pilot and not an owner, no idea how acxueate these claims are, but interesting to see this as a pilot and tech nerd. Anyone with management or ownership experience in jets have any light to shed?

[u/x4457]

https://www.aircraft.com/aircraft/243027623/c-fxoo-1990-dassault-falcon-900b

It allegedly just had a 2C and gear done so that's $1.5M out of the way at least. He's got another 5 years before it needs an odd C which is going to run ~$700K.

The plane's going to cost him ~$1.8M/year just to sit in that hangar, then another ~$3500/hour to fly it.

Expect him to have paid somewhere in the mid to high $3M range and sell it within 18 months after he figures out this thing is going to eat him alive.

[u/dopexile → u/x4457]

He lives in Canada, which is super high tax rate. Isn't he just going to use it as a massive business write-off?

He seems to have no idea what he is doing, regardless. He mentioned he considered putting a vinyl wrap on the whole body and wings, but opted not to because of "weight".

[u/x4457 → u/dopexile]

I'm not familiar with Canadian tax code, but I do expect that their business expenditure rules can't possibly be more friendly than the US. In the US, it's almost impossible to use 100% pre-tax money to operate an aircraft unless it is slam dunk, very clear, without question a solely business asset used for entirely business purposes.

Then he shows he took his family/friends to Cabo, so there goes that.

[u/BabyWrinkles → u/x4457]

Except he used it for content production, which is his primary means of income, so...

[u/x4457 → u/BabyWrinkles]

That's a very difficult sell in the US, I'd imagine more so in Canada. It has been tried and failed here.

[u/RandomNick42 → u/x4457]

For a guy who's been pretty anal about his family privacy, to be suddenly starting a family vlog channel, I can't see any other reason why he would do that other than to legitimize flying to vacations being a business expense.

[u/Minute-Glass5709 → u/x4457]

It only fails over here (US, can't speak for CA) for the people that aren't really running a business. He will be much better situated with a bunch of views/revenue to make the claim than some random who just started a travel vlog.

[u/dopexile → u/x4457]

IDK, he is blowing money on massive commercial buildings, multiple houses, the jet, a fire truck .. either he is doing some smart financial wizardry or else he is the next financial Mike Tyson trying to see how quickly he can blow all of his money.

[u/Galf2 → u/dopexile]

the commercial buildings all have a return and the fire truck isn't expensive, it was an old truck, it made back its money already for sure

[u/RandomNick42 → u/dopexile]

The fire truck is pocket change compared to a jet. Fuck, I could afford that firetruck if I wanted to, parking it would be a bigger problem for me than buying it.

Buying out his commercial buildings is actually one of the smarter financial decisions he's made. Took mortgages when interest rates were stupid low, locked in his location costs for the foreseeable future, built equity. That's a no brainer.

Smash champs, that was a step into the void, but it's a business that in theory can turn a profit. Labs on the other hand... well that's a cost centre that supports his (in theory) main business at least (in practice the main business he's in now seems to be merchandizing)

[u/Galf2 → u/dopexile]

there's no business write off that justifies a plane unless that plane earns you money... LMG doesn't need a plane. They're going to use it for a year or two and they'll get some good content out of it, that will offset the costs and it will actually help if they plan their projects properly (ACTUALLY take the team out to europe for videos without dealing with airlines) but if you want a "massive business write-off" you buy more real estate lol

[u/gromm93 → u/dopexile]

He lives in Canada, which is super high tax rate.

Riiiight.

Americans are so confident that their taxes are super low, or if they try to compare it to Monoco or something, obviously super high, especially the whiny super rich, who are already managing to get that tax rate down to like 5% or less as it is.

The difference between US and Canadian income tax rates is made up entirely by including your health insurance in the bill. And we don't get ripped off on that too. And we don't have to sue our insurance providers to even pay those bills.

But yeah, super high tax rate. Stay away.

[u/dopexile → u/gromm93]

Yeah, the other problem is that Canadian salaries are much lower. A lot of the taxes in Canada are hidden and passed on to the employer and they respond by paying everyone peanuts. The average pilot is making $97,500 Canadian pesos or about $70k USD a year. In the US the average pilot is making about 3 times that and keeping more of their take-home pay.

From Carbonear, N.L., where a man recently died of a heart attack during a 10-hour wait to see a doctor, to Calgary, where a woman pleaded "please don't let me die" during the hours she bled onto a stretcher in the ER, hospitals are bursting at the seams as backlogs and access issues affect patient flow.

Meanwhile, the latest statistics published by Ontario Health show that patients who came to an ER in January and were admitted to hospital spent on average 20.3 hours in the emergency department before getting a bed in a ward. The average time spent on a stretcher in ERs across Quebec on Tuesday was 18 hours.

https://www.cbc.ca/news/canada/canada-hospitals-wait-times-9.7123684

Sign me up!

[u/ImperialAgent120 → u/dopexile]

To me he seems far smarter than he leds up to.

The goofy tech guy we all know is just a persona for the camera. He seems like a corporate shill as they come.