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re: People skipping on rent due to Chinese virus

Posted on 5/8/20 at 9:20 pm to
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23750 posts
Posted on 5/8/20 at 9:20 pm to
quote:


5K a month is 60K annually.


I make 100K a year and my bi-weekly take home check after state and federal taxes is $3000
Posted by castorinho
13623 posts
Member since Nov 2010
88350 posts
Posted on 5/8/20 at 9:21 pm to
Are you under the impression that unemployment is not taxed?
Posted by tigergirl10
Member since Jul 2019
10764 posts
Posted on 5/8/20 at 9:22 pm to
quote:

$1000-1500 a week.
You are VERY Wrong. All unemployment is taxed at 10%. No one in Louisiana is even getting $800 a week unemployment.

The maximum unemployment in Louisiana for EVERYONE (including the $540 post tax federal unemployment and max $222 state post tax unemployment) is $762 a week or $3,049.
Texans get a maximum of $1,008 a week after tax unemployment.
Posted by Powerman
Member since Jan 2004
175706 posts
Posted on 5/8/20 at 9:22 pm to
quote:

These folks got a big stimulus check from the gov't along with extra $600 per week unemployment check. Add the state unemployment benefit and each one is getting between $1000-1500 a week. That’s 5k a month. Almost a 6 figure annual salary after taxes. Also if you have daycare (in my case) you have to add around $1000 extra revenue every month.
Yet can’t pay rent.
I think people are taking advantage of the situation


You should take advantage of your free time and brush up on some arithmetic
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23750 posts
Posted on 5/8/20 at 9:24 pm to
quote:

You are VERY Wrong. All unemployment is taxed at 10%. No one in Louisiana is even getting $800 a week unemployment.

The maximum unemployment in Louisiana for EVERYONE (including the $540 post tax federal unemployment and max $222 state post tax unemployment) is $762 a week or $3,049.
Texans get a maximum of $1,008 a week after tax unemployment.


Interesting!
My calculations are based on my home state of Minnesota
Posted by Ed Osteen
Member since Oct 2007
59352 posts
Posted on 5/8/20 at 9:29 pm to
Is dramatically rounding up numbers a Minnesota thing?
Posted by Hangit
The Green Swamp
Member since Aug 2014
47766 posts
Posted on 5/8/20 at 9:30 pm to
quote:

I think people are taking advantage of the situation.
You have not gathered enough facts to form a valid opinion.
quote:

extra $600 per week unemployment check. Add the state unemployment benefit and each one is getting between $1000-1500 a week.


Here, total is $845 per week. Almost 1/2 million people have not seen a dime yet. Some applied 6-7 weeks ago and have not been processed yet.

Some of the lines at the places giving out groceries are miles long. I don't think your umbrella takes all people into account
Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
50964 posts
Posted on 5/8/20 at 9:31 pm to
quote:

I make 100K a year and my bi-weekly take home check after state and federal taxes is $3000


The only thing coming out of your check is state and federal taxes? No insurance? 401K?

And a bi-weekly take home of 3K is 78K take home annually.
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23750 posts
Posted on 5/8/20 at 9:33 pm to
quote:

No insurance? 401K?


Yes heath insurance is about $100 monthly and 6% of paycheck towards 401K.
Minnesota state taxes are higher than LA
This post was edited on 5/8/20 at 9:35 pm
Posted by lsunurse
Member since Dec 2005
129146 posts
Posted on 5/8/20 at 9:39 pm to
I’m gonna go out on a limb and say that we all can safely guess that you are not teaching math for a living.


ETA: In AZ the max weekly is $240. If you don’t qualify for the usual state unemployment pre pandemic they aren’t even processing your claim for pandemic benefits until May 12th here. Supposedly you will get back pay though whenever your claim is processed.

So many have applied back in March and still haven’t received a single penny of unemployment.
This post was edited on 5/8/20 at 9:43 pm
Posted by lsutiger2010
Member since Aug 2008
14790 posts
Posted on 5/8/20 at 9:42 pm to
(no message)
This post was edited on 10/18/21 at 4:48 pm
Posted by sabanisarustedspoke
Member since Jan 2007
5966 posts
Posted on 5/8/20 at 9:52 pm to
She isn't getting that here in LA. The most anyone can get in LA is around $250/week.
This post was edited on 5/8/20 at 9:55 pm
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 5/8/20 at 10:32 pm to
quote:

That’s 5k a month. Almost a 6 figure annual salary after taxes.

Math: It's not for everyone.
Posted by OKellsBells
USA
Member since Dec 2016
5264 posts
Posted on 5/8/20 at 10:47 pm to
Posted by btr08ex
Baton Rouge
Member since Oct 2014
464 posts
Posted on 5/8/20 at 10:55 pm to
I kind of understand. I have one rental that is a family of three. They have always paid the rent partially throughout the month including late fees. I told them that during this I would not charge any late fees. I also thought that during this they would catch up, and be able to start paying in full within the 1st-10th of the month. Well, today I picked up their last payment of April's rent.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/8/20 at 10:56 pm to
I mean NYC has made it impossible to evict people. Being a landlord has to suck right now.
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