brokenwrench
Senior
Congratulations! You have contributed to union rolls declining!
With all your chest thumping about unions I have no doubt that you did NOT cross any picket lines, have you? Say....back in 2005?
Congratulations! You have contributed to union rolls declining!
With all your chest thumping about unions I have no doubt that you did NOT cross any picket lines, have you? Say....back in 2005?
You just don't get it, quit drinking the corporate america koolaid. 6.4% of what amount and take out your capital gains and taxes and you are left with 55% of that. BTW, I'm not bitching about that stacked vote and that the Union lost, just realistic about the truth of the situation.
While "capital gains" is the incorrect term in this case, the point that it's taxed at ~45% holds true.
Generally, its 25% federal tax withholding and depending on what state you are in is about 8-10%. Thats around 35%. In my case, I live in a state were there is no state tax. (bonus for me) Unless you are an illegal alien working for cash only, you must pay this tax. Its taken out of everyones paycheck, its just a part of life. Even if you hit the lottery, you must pay! Put the blame where it belongs.
Kev...Do you get profit sharing by the same formula as Dl south ? Or is there a differrent formula for the Dl north union contract people. Also which was higher or were they basically the same. Thanks.I'm not blaming anyone, just pointing out that the earlier point about supplemental income tax rates being high is accurate (certainly when compared to "regular" rates, anyway).
For our Exhibit J payout, mine wound up being ~40% total. Federal was 32.65%, State was 7.75%.
No state tax? Must be nice.
I'm not blaming anyone, just pointing out that the earlier point about supplemental income tax rates being high is accurate (certainly when compared to "regular" rates, anyway).
For our Exhibit J payout, mine wound up being ~40% total. Federal was 32.65%, State was 7.75%.
No state tax? Must be nice.
Kev...Do you get profit sharing by the same formula as Dl south ? Or is there a differrent formula for the Dl north union contract people. Also which was higher or were they basically the same. Thanks.
the withholding rate is higher but when you file at the end of the year, generally you get a chunk of it back via a tax refund. so the profit sharing will pay off again slightly next year at tax time.
I have seen references that DL provided an IAM specific payout to PMNW rampers that was specified in the IAM contract... is that true?
If so, it would appear that DL did honor the IAM and AFA contracts even if some PMNW people received other types of payments which PMDL people did not receive. do you agree with that assessment?
I'll be paid out according to the terms in the IAM contract. The plans are similar, but here's a couple of differences:
DL: Pays out at the first dollar of profit.
NW: Kicks in at the 1M mark
(note for the record, I consider this to be the same. It might not technically be accurate, but 1M divided by 70k employees is nominal. Just my opinion.)
DL: Pays 15% of eligible proifts on 1st 2.5B 20% thereafter.
NW: 10% if operating margin is 10% or less. 15% is greater than 10%. I honestly can't remember what the full year margin was for 2010.
According to DL, PMDL in ACS will receive a check equivalent to ~ 6.5% of their eligible earnings. PMNW will get ~3.2. Mine should be about $1300ish, pretax. Last go 'round I think mine was about 4%.
I was flamed off A.Net for suggesting it, but I still contend that ALL employees that worked the full year should see the total profit divided equally. That's a tangent for another day, though...
Thanks....Kev
I'll be paid out according to the terms in the IAM contract. The plans are similar, but here's a couple of differences:
DL: Pays out at the first dollar of profit.
NW: Kicks in at the 1M mark
(note for the record, I consider this to be the same. It might not technically be accurate, but 1M divided by 70k employees is nominal. Just my opinion.)
DL: Pays 15% of eligible proifts on 1st 2.5B 20% thereafter.
NW: 10% if operating margin is 10% or less. 15% is greater than 10%. I honestly can't remember what the full year margin was for 2010.
According to DL, PMDL in ACS will receive a check equivalent to ~ 6.5% of their eligible earnings. PMNW will get ~3.2. Mine should be about $1300ish, pretax. Last go 'round I think mine was about 4%.
I was flamed off A.Net for suggesting it, but I still contend that ALL employees that worked the full year should see the total profit divided equally. That's a tangent for another day, though...
(chuckle) I know man, I know... FlexSaver for day care is good for that too...
Kevin,the current distribution amongst groups (by that I mean ACS, RES, IFS, Pilots, merit, etc., and NOT PMNW vs PMDL) is inequitable.