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How much $$$ are you missing from your paycheck
- Thread starter SpyWizard
- Start date
mistaballoonhands
Banned
I'll tell u at the end of the month
billfred
New member
same.. I have a stack of unopened stubs from all last year in my desk drawer. I will now put it in a file and start a new stack for this year. Useless.
Gorilla-Pharma
New member
I never look at check as well.
Around $225 per month.
From both jobs.
From both jobs.
Not every 2weeks?
Gorilla-Pharma
New member
Crooks I say.
It's 2150 every two weeks.
At least until the Fall
At least until the Fall
Gorilla-Pharma
New member
LOLLOLLOLLOLLOL at anyone who believed that shit.
per month
chewyxrage
New member
The social security rate reverts back to the normal rate of 6.2% in 2013 for everyone.
It was cut down to 4.2% for a "holiday" the past couple years while they were trying stimulate the economy by increasing take home pay.
It was cut down to 4.2% for a "holiday" the past couple years while they were trying stimulate the economy by increasing take home pay.
cap gains went up though how do rich bros duck that one?
to foreign investors have to pay that as well?
bakemeacookie
New member
so the economy got stimulated enough. I hope it had a cigarette afterwards.
mrplunkey
New member
Cap gains overseas haven't changed. You just have to leave them in foreign entities overseas. Then if you want to do deals, just let the foreign entity make the purchase.
For the US, I've been doing bond ladders of tax-free muni bonds since 2002. That gives me enough income to live on while any real income (and investments) accumulate overseas.
I think a lot of people have been moving this way since Barry's rhetoric started in 2009.
and self employed pension plans..
mrplunkey
New member
We've spent more time and effort posturing for taxes over the last four years than we've spent improving products. The entire US medical device industry continues to do that.
Taxes are a major component of expense that has to be managed like anything else. It used to be, we looked at EBIT (earnings before interest and taxes) but now, taxes are incorporated into every profitability measure. So our 2013 bonus plan will take taxes into consideration. If a manager wants to make his number, he can do it the old-fashioned way, or instead manage his tax burden and show earnings growth that way.
Barry has started something that won't be undone.
Taxes are a major component of expense that has to be managed like anything else. It used to be, we looked at EBIT (earnings before interest and taxes) but now, taxes are incorporated into every profitability measure. So our 2013 bonus plan will take taxes into consideration. If a manager wants to make his number, he can do it the old-fashioned way, or instead manage his tax burden and show earnings growth that way.
Barry has started something that won't be undone.
Dude, a 2% change in social security tax did not ding your check for $400. Something else happened
kx250rider
New member
We got the paperwork from the IRS and CA, and couldn't figure it out, and sent it all to our tax lady. The first two weekly checks we issued, were for 2012 tax rates, so as soon as we get the figures, we'll adjust back. What a mess!!!!!!!
Charles
Charles
kx250rider
New member
I just heard from a Boeing employee last night, that her medical insurance withholdings tripled on 1/1 for Obamacare. I guess she's "rich", as Obama said only the "rich" will pay more. She works in the cafeteria for $13.10/hour.
Charles
Charles
chewyxrage
New member
That sucks, but Boeing makes their own decisions about what to charge employees for insurance.
Any adjustments to insurance premiums happened back in 2011 when the law was first passed and parts of it became active. Every company saw a 15-30% premium increase regardless of claims history or risk. Whether or not that was passed onto employees was up to the specific company.
2014 is the the first "real" year where PPACA is in full effect.
Fun stuff ahead
mrplunkey
New member
That sucks, but Boeing makes their own decisions about what to charge employees for insurance.
Any adjustments to insurance premiums happened back in 2011 when the law was first passed and parts of it became active. Every company saw a 15-30% premium increase regardless of claims history or risk. Whether or not that was passed onto employees was up to the specific company.
2014 is the the first "real" year where PPACA is in full effect.
Fun stuff ahead
Exactly.
Right now, employers (via insurance companies) are pricing the impact of children staying on insurance until 26, no caps on coverage and no pre-existing conditions into the price of their plans. Rates on employees will continue to crank right up until all that cost is recovered in premiums.
Barrycare also has some restrictions on how much employers can pass on to the employee, but in their infinite wisdom they forgot to deal with passing along costs to dependents. So as they pile costs onto employers, those employers will just raise the cost of the family buy-up. Right now, only ~40% of a typical company's health insurance cost is the employee themselves. The majority is for dependents and family members.
So what's the end result? You'll see employees receiving Obama care-complient health insurance, but the spouse and children will get dumped in the exchange.
Mark my words, because you heard it here first. In 2015, there will be fewer people covered by employee-provided insurance than were covered in 2012. The financial burden that taxpayers get stuck with will be incredibly high.
wait til 2014 when the cost of the medical benefit that the employer pays.. example $7300 per year will be reported to the irs as income for her, and she'll owe taxes on that $7300 as income..
and that's already in the law, just waiting for it to phase in..
hahhahaha.. .
chewyxrage
New member
Employer's medical cost will be reported on 2012's W2 - look in box 12 DD - nothing in the law says that will be taxed, yet.
digimon7068
New member
shit...there's 2 laying on my desk right now that i haven't even deposited...too damn bizzy...i'm ready for another recession.
youpissmeoff
Banned
I actually like all those changes and believe they will ultimately lower medical cost.
How much will you charge me to do my taxes bro?
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digimon7068
New member
you live in florida, so you only need a federal return...you just have w-2's and maybe some other miscellaneous stuff (e.g., interest income), right? you don't have any ex-pat issues or anything, do you?
youpissmeoff
Banned
You need to pull out a 1040ez and do it yourself, taxes are not complex enough for a heavy hitter like Digi.
mrplunkey
New member
Those changes will lower the medical cost to some individuals, but that cost will be re-absorbed by taxpayers, businesses and healthy individuals. The total cost in the system certainly won't go down and could very well go up. And all of those situations are highly susceptible to abuse.
The changes also pile-on cost of employees. For a $250,000 a year professional, the added cost isn't significant. For a $15.00/hour factory worker, the cost impact is devastating. It really comes down to how many lower-end jobs we want to make available.
digimon7068
New member
not only will the costs go up, but our standard of care will go down (see canada).
mrplunkey
New member
Yup.
That's happening now.
Cheaper products that are "good enough" are the rage in medical devices. Is a vendor offers something that is cheaper in construction and price, the burden of proof is on the incumbent device to show that it is better. Considering the fact that proof can take years (or decades), customers adopt the cheaper device and wait for the clinical data to prove them wrong.
digimon7068
New member
docs have been getting hosed for years...some poindexter with a 4-year degree from the insurance company tells a doc with a 15-year education what his services are worth...tail...wag...dog.
mrplunkey
New member
I'm seeing another interesting thing in surgery centers that may bridge over to hospitals.
Patients are told to bring their credit cards on the day of surgery. Before surgery, they are offered "buy-ups" where they can pay out of pocket for treatments/procedures/devices that are outside the standard-of-care.
So picture this. You've got cartilage damage in your knee and they are going to clean it up. As-is, you'll probably be a knee replacement candidate in 15 years. But if you want to swipe your credit card for $450, they'll use a cartilage-sparing device that can remove the extruded tissue and perhaps buy you another 10 to 15 years until you need knee replacement. No long-term studies are available, but the science behind the device is sound.
So do you swipe your card or not?
Patients are told to bring their credit cards on the day of surgery. Before surgery, they are offered "buy-ups" where they can pay out of pocket for treatments/procedures/devices that are outside the standard-of-care.
So picture this. You've got cartilage damage in your knee and they are going to clean it up. As-is, you'll probably be a knee replacement candidate in 15 years. But if you want to swipe your credit card for $450, they'll use a cartilage-sparing device that can remove the extruded tissue and perhaps buy you another 10 to 15 years until you need knee replacement. No long-term studies are available, but the science behind the device is sound.
So do you swipe your card or not?
mrplunkey
New member
Yup.
And here's what's funny to me. Since the plastic surgery market is largely out of pocket, those guys have to price their services at market.
So let's see... a boob job runs about $4K and you sit in a doctor's office with a coy pond and mediation waterfall for about two minutes until they whisk you into an exam room and give you the full-on customer treatment. They know you can choose your provider and see you as a lifetime annuity for future procedures.
Now contrast that with a hip replacement.
You're hauled into a cattle-style waiting room, see the doctor for ~20 seconds, told to be at the hospital at 6:00 am for a 11:00 surgery which may or may not happen and then may see your doctor for another ~60 seconds the day after the procedure. And what's the total cost? Oh, about $60,000.
So why are boobs $4k an a hip $60k?
digimon7068
New member
uhhhh, cuz the insurance company will turn around and only pay them like $15,000???
mrplunkey
New member
The insurance company reimbursement makes the market. There's no incentive to innovate or reduce cost.
Plastic surgery is subject to market forces and the prices have become highly competitive.
digimon7068
New member
that was gonna be my next guess...
youpissmeoff
Banned
It is not like we are not absorbing all those cost now anyway. Do you think all the in-insured are not getting medical care?
This is just allowing to pull more people into group plans. Keeps them out of emergency rooms and un-paid bills.
BTW - I went to the emergency room for 3 hrs the other day. I got billed $8k. WTF - really?
I get paid in a couple days. I'm curious, though I heard for somebody with $50K annual income it would be about $40 a month (I think a month - I could be wrong and it's every 2w).
bro, medical bills are optional..duh. Throw that fuckin bill in the trash
mistaballoonhands
Banned
Gotta love the noninferiority trials. As long as it works as good as what we got now, it's good enough. No reason to push things and make something that is better.
youpissmeoff
Banned
I am tired of reading your shit in black. Can someone beat down debuffedvirgin?
mrplunkey
New member
We are most definitely absorbing those costs now. The difference now is that we have a tacit two-tier system where the uninsured get reduced-cost care because the providers know they have to eat the bills. Once everyone can bill the government, utilization among that group is going to skyrocket.
And the myth of emergency room utilization is right up there with the myth of preventative care. I think next Friday night I'll swing by Walmart and tell that 450 lb woman with a cigarette in her mouth wearing an all-spandex cheetah outfit that she should lose weight. I guess she just didn't know.
People will always use the emergency room for primary care. What most people don't realize is that we have a broad underclass that doesn't care about their health in the first place.
And sorry broheim... that ED visit will always run you $8k and the wait will always be three hours. That's never going to change.
youpissmeoff
Banned
Ha - it was a back issue. I thought I was. Having kidney failure or I would have never gone. Hope it is my last visit to ER.
There are so many primary care Dr closing up shop now, ER may be the only option going forward.
digimon7068
New member
that reporting requirement is only for employers that have more than 50 employees, as that is the cut-off for the obamacare rules...employers with more than 50 employees must have an employer-sponsored health insurance plan that covers 100% of their workers or, they must pay a $750 fine per worker...the kicker???
the biggest companies in america (e.g., walmart, mcdonalds, etc.)...the ones that could most afford to offer this benefit...said "we don't want to participate" and barry said ok...your tax dollars at work.
That sucks, but Boeing makes their own decisions about what to charge employees for insurance.
Any adjustments to insurance premiums happened back in 2011 when the law was first passed and parts of it became active. Every company saw a 15-30% premium increase regardless of claims history or risk. Whether or not that was passed onto employees was up to the specific company.
2014 is the the first "real" year where PPACA is in full effect.
Fun stuff ahead
yeah, our insurance plan changed via employer for the first time in 4 yrs in 2011' ...we actually pay less because of the plan we chose but the deductible for the yr is way higher...
mistaballoonhands
Banned
So you're saying you don't get annual labs and have never had a colonoscopy? You wife doesn't get cervical cancer screening?
mistaballoonhands
Banned
(if you're not 50 yet, my apologies)
mrplunkey
New member
Apology accepted.
(and for the record, I do support screening. What I don't support is this myth that if every fat smoker had a primary care physician telling them to lose weight and stop smoking that we'd magically reduce health care costs).
An additional $100 per month of my money is going to Social Security 
that's a big suck
that's a big suck
youpissmeoff
Banned
An additional $100 per month of my money is going to Social Security
Social security did not go up. You had a temporary reduction last year.
Yeah? Why a reduction? I hate politics and related things with an undergraduate in Finance and an MBA; I generally play like I'm wearing earmuffs and go on with my day. Ignorance is bliss at times.
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billfred
New member
They temporarily lowered it last year to stimulate the economy. One thing to learn in politics, temporary tax increases are always permanent and temporary tax cuts are indeed just temporary.
