Unemployment only should kick in if you are fired or laid off, not oif you're lazy and want to quit your job to play video games.
Pretty pathetic if this is his plan.
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How to stay sane working 84 hours a week?
- Thread starter waloshin
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Unemployment only should kick in if you are fired or laid off, not oif you're lazy and want to quit your job to play video games.
Pretty pathetic if this is his plan.
Pretty hard to argue that he is lazy if you believe that he is working 12 hrs/day 7 days a week.
That kind of work week is legal (even if voluntary?)
But on a somewhat more serious note, +1 for audiobooks and podcasts. I find I can't listen to music for extended times because eventually it just fades into the background as I tune out. Books and podcasts however keep me thinking and you'd be amazed how quick time passes when listening to 30-60 minute lectures/podcasts/chapters.
If he plans in taking advantage of unemployment just because, yes, he is lazy.
Are you getting paid under the table or are you paying taxes on the money you making. If you are paying taxes, you might be surprised at your tax bill on $100,000 and wonder if it's worth putting all those hours in.
What a bizarre OP.
Simple answer is to work less.
And it sounds as if you could if you wanted to.
So that would be my suggestion ... stay sane by working fewer hours.
Simple answer is to work less.
And it sounds as if you could if you wanted to.
So that would be my suggestion ... stay sane by working fewer hours.
Ahem, OP is waloshin....
Yes, at the very least 2 consecutive days off a week would do wonders.
Well then let me explain it to you
. Earning more money puts you into a higher tax bracket and you pay more in taxes. He will earn more money with the crazy hours he is working than if he worked normal hours but, after taxes (if he is paying them), the actual take home / hour will be less then if he worked normal hours.
Well then let me explain it to you
What an absurd statement. Someone doesn't understand how our taxes work.
http://beta.investinganswers.com/financial-dictionary/tax-center/marginal-tax-rate-2136
Well then let me explain it to you
Err....I really really highly doubt that.
Well then let me explain it to you
Math. You're doing it wrong.
40 hrs/wk x $20/hr = $800 x 52 wks/yr = $41600 gross - $6587.25 (taxes) = 35012.75 net / 2080 hrs/yr = $16.83 / hr after tax.
(56 hrs/wk x $20/hr + 28 hrs/wk x $40/hr) x 52 wks/yr = $116480 gross - $26334.40 (taxes) = $90145.60 net / 4368 hrs/yr = $20.64 / hr after tax.
Those tax figures are based on the 2010 rates that rdowns provided, so the 2014 figures (per hour) would be slightly lower for each.
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The point of the extra hours is the extra pay. You're effectively earning two years pay at 50k each, compressed into one year. But unemployment only pays a % of the base. So you would be killing yourself to gain time, then turning around and loosing time. At the end of the whole thing, you've exhausted yourself and earned 24 months pay in 18 months. Not much advantage.
And only in some circumstances can you collect unemployment if you quit your job, like being a victim of illegal harassment.
Unless posting here makes you sane, but since this is the internet I highly doubt that is the case
Easy we are talking about waloshin now.........
You're forgetting FICA and SDI, State taxes in certain states. The tax man is not that generous
Fica is 6.5 off the top without escape, most state income taxes will run 3-6% in that income bracket.
You're forgetting FICA and SDI, State taxes in certain states. The tax man is not that generous
Regardless, his point is still correct.