At least in Ohio you can elect to have taxes taken out of your unemployment check, or not. Care to take a guess what the vast majority choose?
Mark > On Aug 6, 2020, at 11:10 AM, Carl Peterson <cpeter...@portnetworks.com> wrote: > > Pretty sure unemployment is taxed like ordinary income at the federal level. > State by state varies. I think your numbers are assuming it isn't taxed? > > Yale did a study on this. > > CARES-UI_identification_vF(1).pdf > (2,000K) > > <https://mail.google.com/mail/u/0?ui=2&ik=65db33fe01&attid=0.1&permmsgid=msg-a:r4257579253290864261&view=att&disp=safe&realattid=f_kdixrue20> > On Thu, Aug 6, 2020 at 9:59 AM <ch...@wbmfg.com <mailto:ch...@wbmfg.com>> > wrote: > But at the risk of starting another brush fire... but I want to know: > > People laid of in Utah get unemployment benefits. I work hard to prevent > those getting charged to me. But I know that the rates paid are $496/week > max. That is Utah. > So $12.40/hour take home. Equivalent to much more gross. Probably in the > $17/hour range gross. > > Then if I understand it right, the feds were adding $600/week on top of that? > $1096/week? $56,992 annual rate. Take home. Equivalent to perhaps $80K > gross? > > So a laid off bartender gets the equivalent of $40/hour to sit at home, why > would they want to work? The press and libs in congress have been freaking > out about the conservatives saying the fat benefit package is an incentive to > not try to work. I believe that to be true. Why would anyone work if they > get that much for drinking beer and playing video games? > > Do I have this right? Does the fed benefit add to the state benefit? > > I have a son that lived on $1000/month for years while in college. He said > he didn’t feel the pinch too much. Had roommates. Had a part time job. > Never asked me for money. > -- > AF mailing list > AF@af.afmug.com <mailto:AF@af.afmug.com> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > <http://af.afmug.com/mailman/listinfo/af_af.afmug.com> > > > > <CARES-UI_identification_vF(1).pdf>-- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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