12-30-2008, 07:00 AM
(This post was last modified: 12-30-2008, 07:06 AM by OAC_Sparky.)
A: Some of you are still missing this. It's 85% of your NET pay THEN the tax comes off. So it's 60%x85%x75% or 38% of your gross pay that you net.
B. And yes, it's MY money. (hell, i'm not even off). I paid in $60G last year in income tax, got $11G back after investment write-offs. $4500 in property tax, the max EI and CPP contributions, and 14% on the rest of the $100G that I netted whenever I buy everything.
EI is capped at $435 a week (just looked it up). It doesn't matter if you make $700 a week $1000 a week or $10000 a week.
Ford doesn't pay me out of the kindness of their heart -- I have a college certificate PLUS 2 trades (toolmaker and interprovincial electrician, so about 10 years of schooling) and I worked 7 days a week between 8 and 12 hours a day EVERY day except for my paid vacation. My hourly rate isn't above what anyone else in my trade with my experience makes -- so Ford is paying me for my time.
In the end, the majority of autoworkers put much more into the system than they get out of it.
B. And yes, it's MY money. (hell, i'm not even off). I paid in $60G last year in income tax, got $11G back after investment write-offs. $4500 in property tax, the max EI and CPP contributions, and 14% on the rest of the $100G that I netted whenever I buy everything.
EI is capped at $435 a week (just looked it up). It doesn't matter if you make $700 a week $1000 a week or $10000 a week.
Ford doesn't pay me out of the kindness of their heart -- I have a college certificate PLUS 2 trades (toolmaker and interprovincial electrician, so about 10 years of schooling) and I worked 7 days a week between 8 and 12 hours a day EVERY day except for my paid vacation. My hourly rate isn't above what anyone else in my trade with my experience makes -- so Ford is paying me for my time.
In the end, the majority of autoworkers put much more into the system than they get out of it.
TEAM PITA: Don't settle for a wannabe, only accept the real deal.
*Magnetic Metallic 2015 Focus ST* *Red Candy Metallic 2012 F150 SuperCrew*
*Supercharged Roush Phase 2 Kona Blue 2012 Mustang GT*
*Supercharged Roush Phase 2 Kona Blue 2012 Mustang GT*