Friday, March 20, 2009

Rays of hope, AIG benefits tax rate

Hello again. Is anybody out there? Without being able to track views, I pretty much feel like I'm talking to myself here, but oh well.

My wife has a couple of possibilities on the horizon. I don't want to mention specifics, but face-to-face interviews are good, so we're very excited about this. Let's just hope that something great comes of it! As a result, for the first time since the lay off last week, we actually have hope. It really goes a long way in brightening your day, I'll tell you that much.

Otherwise, we're still doing everything we can to save money. We found out how much she is going to get for unemployment, and we're not sure if the amount is pretax or post-tax, but it's actually not terrible at all. It's literally a fraction of what she had been earning, but it's at least a fraction where the numerator isn't too far off from the denominator. Depending on how much money we can save by simply NOT SPENDING, we may not have to dip very far into savings while she's diligently searching for a new job.

I wanted to post a link to an article that I got a good laugh out of. I guess technically it's an article about the 'misfortunes' of certain people, but the people in question are, from what I understand, very well-off, and the misfortunes involve a significant (how's 90% sound?) tax on bonus earned by executives at AIG. I am very proud of our Government at this moment- while they did not (maybe could not, I don't know) prevent AIG from giving promised bonuses of hundreds of thousands of dollars to executives (the executives who made the decisions that drove the company into the ground), they swiftly implemented a 90% tax on these bonuses. I think that is just fantastic. Here's the article. In all fairness, I also heard that some of the executives had already voluntarily given their bonuses back. To those executives- good for you!

Well, that's all for now. if you're reading, I'd love it if you'd post a comment, just so I know that I'm not talking to any empty room!



  1. Heya Hugheys!
    Our unemployment came in at 357/week. Hey, it's better than Wal-Mart!

  2. Hey, thanks for the response. Ours should be coming in a bit under that, but not terribly far under. Is the amount that they tell you that you will be getting PRE-tax or POST-tax?? If it's PRE-tax, well, then taxes are going to take quite a bit out of it...