Subscribe To Faslip RSS Feed

What Are Some of the Top Salary Government Positions

User Rating:  / 0

    If you ever wondered what some of the top Government positions pay you are not alone. Yahoo source 24/7 Wall Street has found this information and posted an article so we the taxpayers can see the salaries our tax dollars support. Somebody made a comment that what their salaries contribute to our economic burden is a rounding error and I would agree. However, the pensions with cost of living adjustments and healthcare are a fixed cost burden that continues to pile on a crushing amount of debt in both private and Government sectors. I have no issue with anyone being paid a fair wage and earning benefits for their service but with healthcare costs rocketing ever higher the tax payer cannot continue to support these costs. Either the Government has to grow some brass and do what is necessary to reduce and control costs or public service and union workers need to share more of the costs like the rest of us.

   Please pay attention to what I am saying. I understand that a lot of Government and Employees and union fold, police and fire especially, earn a lower salary compared to private sector workers but when you get free healthcare and a pension for the rest of your life which could be 20 to 30 years then that disparity is more than likely erased. The other point I want to make is I may make a higher salary but I have to pay higher premiums and I am 100 percent responsible for my pension. If I do not contribute to my 401(k) then I have nothing. If I do contribute then it comes out of my pocket and no one else is affected. However, in order for my state and federal government to continue to pay for these fixed costs I continue to be required to pay more and more taxes while getting less and less benefits.

  To summarize this year I will see both my Connecticut Income Tax and Federal Income Tax increase. I will more than likely be phased out of any child or education credits. And my healthcare premiums will probably go up by some disgusting amount that will make me revisit my meals for the day. I have included the link below for the article. I guess the old adage is still true, there are the have and have not’s. Except no it means if you are wealthy you are insulated from raising costs and can utilize many legal tax shelters. If you are poor you get to benefit from countless social programs such as heating assistance, low income housing, countless tax credits, including many that are refundable, which means you not only do not pay any tax but for the privilege of not contributing the government will actually pay you, and then there are your food stamps, etc.

REL: http://www.faslip.com/congress-gets-richer-while-unemployment-stays-at-record-highs

Yahoo Finance - Click for Full Article: http://finance.yahoo.com/career-work/article/112283/the-10-highest-paid-government-jobs

Matt

Why Is the Price of Oil and Gas so High in the United States ?

User Rating:  / 0

Why Is the Price of Oil and Gas so High in the United States ? Something I have asked myself many time as I am filling my tank. If you want some insight into the inner workings of the price of oil and ultimately gas than watch this CNBC Original. Even though it is several years old it is still very relevant in its content. I get frustrated that we are spending so much time effort, and government dollars ( that we currently do not have ) on alternative energy. Why ? Because it is cool to say and is a political and investor buzz word. Ultimately we have the material and technology to break our dependency on foreign oil today. Unfortunately it is not sexy or new, and I am sure certain lobbyist groups have played a heavy hand as well. In the video you will learn the United States has not built an oil refinery since 1978. After a fact like that it makes it hard to keep blaming OPEC about our gas prices. Watch it, learn something, and maybe urge our lawmakers to make lobbyist groups illegal. Hey it is a new year, one can dream.

Matt

oil

Is Coffee Good for You ?

User Rating:  / 0

Read more: Is Coffee Good for You ?

-

Social Security Withholding Payroll Tax Cut to Boost Paycheck

User Rating:  / 0

Social Security BadgeWhew, been off the radar for a minute but I am still here to bring you the 411 on personal finance. Now this obviously is not breaking news but you know I have to throw in my two cents. And in case you did not know, now you know. Our government in their infinite wisdom when they passed the new tax legislation decided to give tax payers a break. This break comes in the form of a payroll tax break. This tax break like many others is piling on debt to our national deficit. However, let us discuss the good part.

 The good part is your social security withholding will now be reduced by 2%. This takes affect January 1, 2011, however depending on your employers payroll system the change may take time to implement. The IRS says that employers should have the changes in no later than January 31, 2011. So make sure to check your paycheck to make sure these changes have been implemented. Also, if you company was unable to implement your changes immediately you should get an additional payment as soon as they are in affect ot reimburse you for the excess taxes that were withheld. What you will actually benefit depends on what you make but I suppose something is better than nothing. Of course I would rather see less debt and a stronger economy. And we would also see a much more beneficial gain from a stronger dollar and lower inflation which would make many of the day to day necessities less expensive. This in turn would translate into more money in everyone's pocket and I would almost guarantee put a lot moe money in tax payers pockets then a little 2% payroll reduction.

News Release from IRS - Payroll Tax Cut to Boost Take-Home Pay for Most Workers; New Withholding Details Now Available on IRS.gov

Matt

United States Crude Oil Imports

User Rating:  / 0

I found out something interesting today. Maybe I have been living in a bubble and everyone else is already aware of this little bit of information I discovered. Of course by discover I mean read in the current issue of Money Magazine. However, being persistent and unable to settle for one persons opinion I hit google for more affirmation.    The title should be a dead give away but in case you are still unsure I will tell you. This article is about the United States dependency on "foreign oil" or the "middle east" for oil. We hear it spoken on the news constantly and most recently by President Obama.

Read more: United States Crude Oil Imports

oil

More Articles...

  1. Congress Gets Richer While Unemployment Stays at Record Highs
  2. Credit - What Affects Your Score and How to Make it Higher. Includes FICO 08 Updates
  3. New Credit Card Rules Passed In Law July 2010
  4. Small Banks Offer Rewards Checking

Page 3 of 5