| |||||||
| Life in Southern Maryland Whether you're relocating or a native, discuss general topics about living in Southern Maryland. What's happening locally: Headline News, Community Calendar, Announcements. |
![]() |
| | LinkBack | Thread Tools | Display Modes |
| | #181 | |
| aka Mrs. Giant Member Since: May 2002 Location: Candy Land
Posts: 17,503
| Quote:
So let's say I make $200 a week (40 hours times $5 an hour) I pay my 401K $20 a week I pay a pre-tax savings plan $20 a week I pay my dental plan at $10 a week I pay my health insurance at $20 a week (and I'm not counting my taxes, FICA and all that other crap) So that means my take home is around $130 a week Furlough happens and instead of $200 I now make $160 a week (32 hours times $5 an hour) I still pay my 401K $20 a week I still pay my pre-tax savings plan $20 a week I still pay my dental plan $10 a week I still pay my health insurance $20 a week (And I'm still not counting my taxes, FICA and all that other crap) So that means now my take home is around $90 a week So where's my disposable income? You think 22 weeks isn't a big deal? It can mean the difference between some families making a choice between their mortgage or car payments. It can mean the difference between feeding the kids or letting them participate in band/football/whatever club. Actually may be much more drastic choices than that. So 22 weeks of families who are already living paycheck to paycheck having to make choices like this...what do you think is going to happen? And my next question is, if the Balanced Budget isn't passed at the end of that 22 weeks, do you really think the furlough will stop at just 22 weeks?
__________________ *Disclaimer: My online conversation and comments to you in no way imply that I am actually interested in you.* | |
| | [ Reply w/Quote ] |
| | #182 |
| :pervinerdi: Member Since: Aug 2003 Location: Cloud 9.
Posts: 39,001
| |
| | [ Reply w/Quote ] |
| | #183 | ||
| They're out to get us Member Since: Oct 2007
Posts: 11,497
| Quote:
Quote:
| ||
| | [ Reply w/Quote ] |
| | #184 | |
| Man, I'm still here !!! Member Since: Sep 2004 Location: solomons
Posts: 232
| Quote:
Never said it's NOT a big deal. I don't want even 8500 in this example taken from my pocket... OBTW there is now a FURLOUGH CALCULATOR floating around base emails. | |
| | [ Reply w/Quote ] |
| | #185 |
| Registered User Member Since: Jan 2013
Posts: 44
| Calculator doesn't adjust the tax rate for the reduction in pay and people have to figure out their own tax rate (seems like most people fail to realize they need to do that) |
| | [ Reply w/Quote ] |
| | #186 |
| Registered User Member Since: Dec 2012
Posts: 543
| It is called welcome to what life is like for the non-government/non-government contractor gravy train sector where many can't pay in to their 401K, pre-tax savings plan, kids already aren't in band/football/whatever club. Thankfully I'm not in this boat but know many that are. I'm sure someone will say I'm jealous of the government/government contractor pay/career and I assure you nothing could be further from the truth. |
| | [ Reply w/Quote ] |
| | #187 |
| Man, I'm still here !!! Member Since: Sep 2004 Location: solomons
Posts: 232
| |
| | [ Reply w/Quote ] |
| | #188 | |
| .... Member Since: Sep 2003 Location: Lend me some sugar, cuz I am your neighbor
Posts: 11,630
| Quote:
| |
| | [ Reply w/Quote ] |
| | #189 | |
| They're out to get us Member Since: Oct 2007
Posts: 11,497
| Quote:
| |
| | [ Reply w/Quote ] |
| | #190 |
| Registered User Member Since: Dec 2012
Posts: 543
| |
| | [ Reply w/Quote ] |
![]() |
| Thread Tools | |
| Display Modes | |
| |