[NikiterZTS]

OAC_Sparky,Dec 29 2008, 04:00 PM Wrote: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.
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.....you are just a money making machine B)