Posted on 07/30/2011 3:48:59 PM PDT by bruinbirdman
Barack Obama, who rails against tax breaks for corporate jets, flies in the biggest jet of all – a Boeing 747 (commonly but not accurately called Air Force One. Fact is, any Air Force plane transporting the U.S. president gets the Air Force One designation for air traffic control purposes. But in this blog, I will accede to the common usage. Air Force One will be Obama’s Boeing 747.).
Now the numbers:
– A new Boeing 747-8 costs $320 million
– Hardened to withstand missile attacks, tricked out with weaponry of its own, festooned with the latest encrypted communications technology, let’s peg Obama’s plane at an even $500 million.
– A good rule of thumb about airplanes — I’ve owned four myself, all single-engine props — is that the annual costs are about 10% of the purchase price. So let’s peg Air Force One’s annual costs at $50 million: the sum of capital costs, maintenance, hangar storage, and all the rest.
– Of course, a plane earns its keep only when it is flying. That takes fuel — lots of it. Air Force One’s four engines together burn about one gallon of Jet A fuel per second. Hourly fuel costs are about $80,000.
– How many hours in year does Obama spend in Air Force one? Let’s guess and call it 15 hours a week, or 750 hours a year. Fuel costs alone, therefore, would be $60 million a year.
– Roughly, the annual carrying costs and fuel costs of Obama’s big fat jet comes to $100 million, give or take. My round number is supported by the National Taxpayer’s Union finding that Air Force One costs $181,000 an hour to operate, all in. Obama would have to fly 552 hours to hit $100 million-a-year by this calculation. However you
(Excerpt) Read more at blogs.forbes.com ...
HE doesn't pay taxes, we take care of him.
For us to take care of him WE must pay our fair share.
Get it?
If so, go do your deed at DU.
We little people pay taxes on "compensation", I was wonder why the Washington a-holes don't have to pay.
Wot? Oh. They make the tax laws.
He only goes on vacation 3 weeks per month.
He could cut that back to about 56 million if he left Michelle at home.
$181,000 an hour to operate.
How much when it just sits on the ground?
That’s one of them ‘Entitlement Planes’
Barry’s big on entitlements...
What does Mooshelle ride - Airforce Two?
Bfl.
He's got two of 'em - plus a helicopter.
I do see the need for an Air Force One, but not a new one yet..
$100M/year. That means the average family of four in the United States pays over a dollar a year for Obama’s corporate jet.
Everything becomes crystal-clear about Obama when you start
with the assumption that he is a self-appointed 3rd World Dictator hijacking the fruits and perks of what is a rapidly-diminishing 1st World Country. When we do a final tallying of what he cost this country I doubt we’ll believe it.
And Obama used loop holes to reduce his liability to below the Bush rates.
Like all Dems they don’t care what the rates are- they will not pay them.
Bas***d
I’m curious, what do they call Mouchelle’s C5 Galaxy?
Like all Dems they don’t care what the rates are- they will not pay them.
This is one of the most angering things about Obama and the rest. The hypocrisy is galling!
No president pays for airforce one.
Fatass one
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