Every state is different, and many states have already gone off the end of unemployment. Add to that, that a lot of people couldn't get unemployment and/or are still waiting for their first check. I don't commit the different state unemployment rules to memory, but some states (Missouri? Florida?) have very short duration for unemployment, and their weekly/monthly payment rate is way below that.
bp
<part15sbs{at}gmail{dot}com>
On 8/6/2020 8:18 AM, ch...@wbmfg.com
wrote:
Still taxed or not, that is a very sweet deal in my opinion. You could save up enough to not work for several years at that rate. This assumes you live in a van down by the river and eat ramen at every meal.From: Carl PetersonSent: Thursday, August 6, 2020 9:15 AMSubject: Re: [AFMUG] OT Political and I should probably not post thisI just skimmed it but I think the TLDR on it is that since UI varies by state etc you can compare return to work rates for people making more and less then they used to and it seems they return to work at similar rates.On Thu, Aug 6, 2020 at 10:10 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.On Thu, Aug 6, 2020 at 9:59 AM <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.
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