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The Water Cooler
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20% Pay-Cut (furlough). How about some money saving ideas...
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<blockquote data-quote="-Pjackso" data-source="post: 2120494" data-attributes="member: 8119"><p>No, it's a lot more than 12%. </p><p>A lot of the deductions don't change much based on income. </p><p></p><p>The percent pay-cut based on GROSS-income is about 12-13% cut (depending).</p><p>But the percent pay-cut based on NET-pay (take home) is about 20-25%.</p><p>Most people look solely at the NET take-home pay.</p><p></p><p>Here's a calculator if your interested:</p><p><a href="http://www.stripes.com/news/furlough-pay-calculator-released-for-federal-workers-1.209671" target="_blank">http://www.stripes.com/news/furlough-pay-calculator-released-for-federal-workers-1.209671</a></p><p></p><p>(look for the calculator)</p><p></p><p></p><p></p><p>Thanks everybody for all the good tips!</p><p>There's quite a few ideas I hadn't though of before.</p></blockquote><p></p>
[QUOTE="-Pjackso, post: 2120494, member: 8119"] No, it's a lot more than 12%. A lot of the deductions don't change much based on income. The percent pay-cut based on GROSS-income is about 12-13% cut (depending). But the percent pay-cut based on NET-pay (take home) is about 20-25%. Most people look solely at the NET take-home pay. Here's a calculator if your interested: [URL="http://www.stripes.com/news/furlough-pay-calculator-released-for-federal-workers-1.209671"]http://www.stripes.com/news/furlough-pay-calculator-released-for-federal-workers-1.209671[/URL] (look for the calculator) Thanks everybody for all the good tips! There's quite a few ideas I hadn't though of before. [/QUOTE]
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20% Pay-Cut (furlough). How about some money saving ideas...
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