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ToxSec's avatar

“If you are a high-income filer, claim clean energy credits, or have transferred significant assets such as real estate or fine art, your returns are now being viewed through a more probabilistic lens”

really good to know. love that you always include takeaways that are valuable to the read Mike.

David J. Friedman's avatar

Hey Mike, it was a busy weekend. But that AWAC story stuck in my head. Thought I would pass along some additional facts.

US air asset losses in the Iran conflict (Operation Epic Fury, as of early April 2026):

F-15E Strike Eagles: 4 lost (3 in a friendly-fire incident over Kuwait in early March; 1 shot down by Iranian defenses over western Iran on April 3).

Approximate replacement value: $65–100 million each.

Subtotal: ~$260–400 million.

A-10 Thunderbolt II: 1 lost (shot down/stuck near the Strait of Hormuz region on April 3).

Approximate value: $20–60 million (with upgrades).

Subtotal: ~$20–60 million.

E-3 Sentry AWACS: 1 destroyed (on the ground during an Iranian missile strike on a regional base in late March).

Approximate value: $300–700 million (replacement costs cited higher due to command role).

Subtotal: ~$300–700 million.

KC-135 Stratotanker: 1 lost (crashed in western Iraq on March 12 following a mid-air incident; additional tankers reported damaged in some accounts).

Approximate value: $60–80 million.

Subtotal: ~$60–80 million (higher if counting multiple damaged units as partial losses).

C-130 Hercules: At least 2 involved/lost (during high-risk search-and-rescue operations following the April 3 incidents).

Approximate value: $30–100 million each (variant-dependent).

Subtotal: ~$60–200 million.

MQ-9 Reaper drones: 16–17 lost (primarily to Iranian surface-to-air missiles during ISR and strike missions).

Approximate value: $30–34 million each.

Subtotal: ~$480–580 million.

Grand total estimated value of destroyed/lost air assets: Exceeds $2 billion (with multiple independent analyses placing direct equipment losses in the $2–5 billion range when including replacement premiums, associated damage, and broader early-war estimates of $1.4–2.9 billion for the first several weeks, rising with April incidents.)

[These figures draw from cross-reported open-source, media, and official summaries. Exact replacement costs can vary based on configuration, inflation, and modern equivalents; some platforms represent sunk acquisition costs from prior decades, while others reflect current production/upgrade expenses. No comprehensive official Pentagon aggregate has been released.]

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