Peter Cowan wrote:

How much is he asking do you know?
Peter C

Between you an I Peter I don't know what he will take.

Here is a way to roughly calculate it however. Assume for the
moment someone makes $100,000 taxable income in a year. 
And that person pays 50% in income taxes. 50% of $100,000 
is $50,000. He donates the airplane to a museum. He claims
it is worth $100,000 to the Infernal Revenue Service which
will allow donations to a non profit museum as a write off 
on their taxable income. The Infernal Revenue buys it. That 
means his taxable income for that years goes to zero and he 
pays no taxes. Net take home $50,000. This is a simplification 
of course.

Your mileage may vary on the precise amount you make and 
the tax bracket (percentage) you are in and the actual income 
tax rate for that tax bracket. I am not sure what that is. 
Does anybody know?  One also could have other tax shelters 
that reduce ones taxable income and tax bracket . One could 
pay as little as 30% taxes on $60,000 a year taxable income 
or $18,000. In that case one might be able to write it off 
over a several year period. It takes a tax lawyer to know 
for sure.

Dave is a retired Pan Am pilot. At one time Dave was
asking $100,000 as that is what he figured he had in it.

I wish I had the time and where with all to tow it out
to SoCal and fly it or have it flown. It is a fantastic
airplane. I spoke to some members of the local EAA chapter
and they seemed to think we could store it in the local
EAA hangar at Camarillo with an 8000 foot runway.

Paul Lamar
 
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