If your raise this year was less than 7% of your salary, congratulations on your effective pay cut
@danciestlobster, mine was 10%…not a lot of people want to hear me brag about that so I turn to strangers on the internet
Plus, my company pays for gas…so that’s a neutral
@danciestlobster, mine was a 25% increase, thank God. Even though it cost ungodly 102$ to fill up my wife's suv yesterday.
@danciestlobster, and that $1 paradise is why I found a job that's giving me $5 more per hour.
@fuddruckers, yikes! Work gave me an F150 to use. Cost $125 last time to fill up. On the company card of course…very beneficial to finances
@dshira, I've worked for large companies in the past and we had mileage, or gas cards. Now I work in a small family owner organization. My boss actually does help with gas which is great but at these prices it's just a tickle.
@danciestlobster, *clutches my 2.3% raise tightly*
@danciestlobster, crying over here as a teacher, locked in at 0% increase next year, only 2% this year
@Soulless at birth, you guys are getting raises?
@danciestlobster, since Kroger removed fixed amounts when they bought Roundys... We get 1-5% raise if the reviewing manager likes us or not.
@dshira, my raise this year was from 475 to 485 a day. Didn't really change anything for me. Wish it was 10%
2.5 more years of Biden grab your ankles
@CrazyRightWinger, because trump printing money the entire pandemic didn't cause inflation at all
@CrazyRightWinger, that’s my secret cap. I’m always holding my ankles
@CrazyRightWinger, and when trump said to “grab them by the pu$$y” that was okay with you too. Classy…
@CrazyRightWinger, that bastard caused a global supply line crisis! Wait... that started before him? Thanks to a global pandemic killing millions of people? Bummer dude, life is easier when I can just blame one man for everything.
@Pen is huge, I liked his policies I don't think he's a role model
@colt1245, Trump just didn't veto it. Congress voted to do it, senate passed it, Trump chose not to veto it. Don't forget they also removed the restrictions on savings account transfers effectively turning savings accounts into checking accts, flooding extra cash into the economy.
@Mag3rPayne, ya that's fair, I try not to fall into the "president is in charge of the whole country" mind set but it happens. Ya it's a result of the entire governments approach to covid relief
@colt1245, ya, I get upset when politicians blame COVID for our problems currently, when it was actually their handling of the pandemic that is to blame. lockdowns and quarantine policy disrupted the supply lines, and the monetary relief to help pay people they forced not to work by them resulted in the inflation.
@Mag3rPayne, a lot of it was printing a stupid amount of bonds, the direct relief was really just advances on your tax return tbh. They didn't really create the money for that at least. That's why tax returns have been so low the past couple years
@colt1245, we had the business relief too, that we still can't even track the finding properly.
@Mag3rPayne, ah ya forgot about that. If I remember right some of the dems were pushing for transparency and being able to track the money but were denied. It seemed more like typical partisan stuff than them actually wanting to do the right thing though
@colt1245, long story short, end the fed
@Pen is huge, cut to the video of Biden pinching a little girls nipple on tv.
I just got a raise myself but then gas doubled so im not sure if im ahead.
@abelgray, trust me. It’ll never feel like you’re ahead.
Just happened to me……..I got a big raise that put me into a higher tax bracket so now I’m making about the same amount. The American Dream!
@CaliforniaDuck, I'm pretty sure that's not how tax brackets work
@Darklight, ya you're right only the amount you make over the previous bracket gets taxed at the new rate. To put in actual numbers if youre in a < 100k bracket and make 75k then get a raise to 101k only the 1k will get taxed at the new rate
@Darklight, I’m very sure that’s not how it works
@BigJohnson86, definitely not how it works. Colt1245 has it exactly right. But to further emphasize
Taxable income ends up at 101k will be our example. Now I don’t remember brackets exactly off the top of my head, but the gist acts like this.
0-10k = 10% (1k)
10,001-30k = 15% (3k)
30,001-75k = 20% (9k)
75,001-100k = 30% (7.5k)
100,001+ = 40% (400)
This example would yield 20,900 in tax owed on 101k taxable income.
Also, our example is taxable. AGI, or adjusted gross income, is your executive total income. 2021 it was just shy of 13k for the standard deduction, which is an amount anyone can claim off their income (this was about the single taxpayer amount, couples filing together or those claiming head of household get more)
So a 114k income pays 20,900 in tax. Effective tax rate is less than 20% in this example.