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May 15, 2024 07:31
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- Zo
- Feb 22, 2005
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LIKE A FOX
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does the IRS not do random audits? or just not that many? the Canadian version definitely does a lot of them.
i got hit by one when i was still in university and was paying basically no taxes because every penny i earned from internships went right back into school fees. they still tried their hardest to crawl all the way up my rear end in a top hat, asking for stuff like rent receipt for every month from the last three years. wow yeah way to try to squeeze blood from a stone, guys.
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Sep 11, 2017 19:02
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- lostleaf
- Jul 12, 2009
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does the IRS not do random audits? or just not that many? the Canadian version definitely does a lot of them.
i got hit by one when i was still in university and was paying basically no taxes because every penny i earned from internships went right back into school fees. they still tried their hardest to crawl all the way up my rear end in a top hat, asking for stuff like rent receipt for every month from the last three years. wow yeah way to try to squeeze blood from a stone, guys.
I'm pretty sure they do. A friend of my wife got audited TWICE by IRS in a period of 7 years and he just works for a pharmaceutical company. According to him, just deductions for two kids and a mortgage. They were both short audits. He just provided birth certificate and mortgage statements. I don't know how he got so unlucky.
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Sep 11, 2017 19:09
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- ohgodwhat
- Aug 6, 2005
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does the IRS not do random audits? or just not that many? the Canadian version definitely does a lot of them.
i got hit by one when i was still in university and was paying basically no taxes because every penny i earned from internships went right back into school fees. they still tried their hardest to crawl all the way up my rear end in a top hat, asking for stuff like rent receipt for every month from the last three years. wow yeah way to try to squeeze blood from a stone, guys.
Hmm yeah I guess they shouldn't audit people who report low incomes on their taxes
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Sep 11, 2017 19:11
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- Droo
- Jun 25, 2003
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asking for stuff like rent receipt for every month from the last three years
Did you claim rent you paid as some kind of tax deduction? If so, why are you surprised that they wanted some kind of proof?
If not, why did the IRS give a poo poo about it?
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Sep 11, 2017 19:17
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- TheQuietWilds
- Sep 8, 2009
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IIRC if you're not making very much money, then there's a standard deduction you can take that is probably more than all the reasonable things you can deduct. For most people it's both GWM and GWL because it simplifies your tax preparation considerably. I don't think they ever investigate anybody taking the standard deduction, which means very few students/etc get audited.
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Sep 11, 2017 19:24
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- Leon Trotsky 2012
- Aug 27, 2009
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YOU CAN TRUST ME!*
*Israeli Government-affiliated poster
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One of our managers (who is one of the worst BWM offenders in a large pool of BWM, but is able to survive the consequences because she has a large income) is retiring next month. It has set off a massive BWM chain-reaction that is costing everyone money.
Part I:
Debbie is retiring early (age 55) after 24 years of service. Pensions fully vest after 25 years of service. You also get full health benefits after 25 years.
That means she is taking a roughly 28% reduction in her pension compared to getting a full pension.
She could cut that early retirement penalty down to 6% if she retired next year (fully vested, but take an age penalty for early retirement).
She doesn't have to retire right now, but she is doing it because she turned 55 last month and that is the youngest you can be to apply for early retirement and collect your pension.
She currently lives paycheck-to-paycheck on a salary of $92k a year, never opened a 457(b) with us during her tenure, and does not have an IRA. That means that her pension is her only income in retirement.
She bought a house 4 years ago. I don't know how much her house cost, but she frequently says that she paid "over half a mil" for it and complains about all the repairs.
The average home price in our area is about $228k.
There is no way that she is going to survive going from paycheck-to-paycheck on $92k a year - with all medical expenses paid for - to roughly $36k a year and responsible for all medical costs.
Everyone is very mad at her because the benefits office sat her down and tried to tell her about the massive amount of money she was leaving on the table by not staying the extra year (22% higher pension payments and healthcare benefits - she has diabetes and sees a doctor twice a month for foot pain treatment) and she didn't want to hear about it. She also got approved for two weeks of vacation and then put in her two-week notice on the second day of her vacation.
Part II:
She has the right to quit whenever she wants and HR/the agency just has to deal with getting a major position filled in two weeks without the previous employee there to train the new hire. Life goes on.
A retirement party is planned for her on the Thursday she comes back from vacation. Because we are a government agency, no public or office funds or materials of any kind can be used for this party.
Several of the major agency heads kick in a few hundred dollars to start the pot and Debbie is consulted about what she wants to do for her party.
Debbie seems to think that this is an episode of My Super Sweet 16 that her coworkers are all paying for.
We plan for:
- Invites for 78 people from outside of the office (39 of Debbie's friends/family and a +1 for each)
- $525 in flowers for the tables and an arrangement to wreath a blown up picture of her.
- A $400 gift from everyone (a gift card to a nice restaurant and gift card to a spa)
The venue she picked has different levels of charges depending on how many people will be there. They schedule a certain amount of staff and cook a certain amount of food, etc.
We select the "100-150 package" based on the ~40 people who were committed to going and the 78 that Debbie was inviting. You actually get discounts for higher levels, so her massive guest list was somewhat of a benefit for the rest of us.
The package we chose had you pick 2 of 4 different meals:
- Vegetarian ($9 per plate)
- Chicken ($11 per plate)
- Fish ($15 per plate)
- Steak ($22 per plate)
We initially went with Vegetarian and Chicken and sent an email out. Debbie called into the office from her vacation to let us know that "Chicken is trashy" and that there were not going to be any vegetarian requests from her party members (the vast majority of people going.)
They changed it to Fish and Steak. They ended up with 32 plates of fish and 86 plates of steak.
To budget for this change, they got rid of the bartenders and changed to a cash bar.
Debbie also requested that we get upgraded plates and silverware because it would be "trashy" to have steaks on regular ceramic plates and "dollar store knives."
After they accounted for the initial pool of money from the department heads, they determined that it would cost $35 per person to attend. This shrank the number of committed people.
Then, 3 days before the party, Debbie lets us know that she is back from vacation and talked to her friends and family about coming. The 78 people that she said were all "Yes" was actually going to be 22.
The venue charges a $500 fee for having fewer than 75% of the attendees you promised (I'm guessing this is something for tipping the excess staff or to offset the potential loses from fewer people? It wasn't clear why this is the case and the office is in the process of trying to get them to waive it.)
They can't back out of the event now and people who had RSVP'd are trying to wiggle their way out of the commitment.
The party committee decided that if they can't get them to waive that $500 fee, that they would just split it up amongst the employees that attended (not ALL the guests).
Now, there is a chain-reaction of people who suddenly can't make it to the event and that potential $500 (plus $35 for food, cash bar, and $10 for contribution to her gift) is going to be distributed among fewer and fewer people, which is in-turn causing more and more people to try and get out of it.
The party is this Thursday night and they just sent out an email saying that anyone who RSVP'd at any point is considered attending for all costs.
Keep in mind: The people Debbie manages (AKA the party attendees) all make around $28k a year.
Leon Trotsky 2012 fucked around with this message at 19:33 on Sep 11, 2017
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Sep 11, 2017 19:28
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- Vox Nihili
- May 28, 2008
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One of our managers (who is one of the worst BWM offenders in a large pool of BWM, but is able to survive the consequences because she has a large income) is retiring next month. It has set off a massive BWM chain-reaction that is costing everyone money.
Part I:
Debbie is retiring early (age 55) after 24 years of service. Pensions fully vest after 25 years of service. You also get full health benefits after 25 years.
That means she is taking a roughly 28% reduction in her pension compared to getting a full pension.
She could cut that early retirement penalty down to 6% if she retired next year (fully vested, but take an age penalty for early retirement).
She doesn't have to retire right now, but she is doing it because she turned 55 last month and that is the youngest you can be to apply for early retirement and collect your pension.
She currently lives paycheck-to-paycheck on a salary of $92k a year, never opened a 457(b) with us during her tenure, and does not have an IRA. That means that her pension is her only income in retirement.
She bought a house 4 years ago. I don't know how much her house cost, but she frequently says that she paid "over half a mil" for it and complains about all the repairs.
The average home price in our area is about $228k.
There is no way that she is going to survive going from paycheck-to-paycheck on $92k a year - with all medical expenses paid for - to roughly $36k a year and responsible for all medical costs.
Everyone is very mad at her because the benefits office sat her down and tried to tell her about the massive amount of money she was leaving on the table by not staying the extra year (22% higher pension payments and healthcare benefits - she has diabetes and sees a doctor twice a month for foot pain treatment) and she didn't want to hear about it. She also got approved for two weeks of vacation and then put in her two-week notice on the second day of her vacation.
Part II:
She has the right to quit whenever she wants and HR/the agency just has to deal with getting a major position filled in two weeks without the previous employee there to train the new hire. Life goes on.
A retirement party is planned for her on the Thursday she comes back from vacation. Because we are a government agency, no public or office funds or materials of any kind can be used for this party.
Several of the major agency heads kick in a few hundred dollars to start the pot and Debbie is consulted about what she wants to do for her party.
Debbie seems to think that this is an episode of My Super Sweet 16 that her coworkers are all paying for.
We plan for:
- Invites for 78 people from outside of the office (39 of Debbie's friends/family and a +1 for each)
- $525 in flowers for the tables and an arrangement to wreath a blown up picture of her.
- A $400 gift from everyone (a gift card to a nice restaurant and gift card to a spa)
The venue she picked has different levels of charges depending on how many people will be there. They schedule a certain amount of staff and cook a certain amount of food, etc.
We select the "100-150 package" based on the ~40 people who were committed to going and the 78 that Debbie was inviting. You actually get discounts for higher levels, so her massive guest list was somewhat of a benefit for the rest of us.
The package we chose had you pick 2 of 4 different meals:
- Vegetarian ($9 per plate)
- Chicken ($11 per plate)
- Fish ($15 per plate)
- Steak ($22 per plate)
We initially went with Vegetarian and Chicken and sent an email out. Debbie called into the office from her vacation to let us know that "Chicken is trashy" and that there were not going to be any vegetarian requests from her party members (the vast majority of people going.)
They changed it to Fish and Steak. They ended up with 32 plates of fish and 86 plates of steak.
To budget for this change, they got rid of the bartenders and changed to a cash bar.
Debbie also requested that we get upgraded plates and silverware because it would be "trashy" to have steaks on regular ceramic plates and "dollar store knives."
After they accounted for the initial pool of money from the department heads, they determined that it would cost $35 per person to attend. This shrank the number of committed people.
Then, 3 days before the party, Debbie lets us know that she is back from vacation and talked to her friends and family about coming. The 78 people that she said were all "Yes" was actually going to be 22.
The venue charges a $500 fee for having fewer than 75% of the attendees you promised (I'm guessing this is something for tipping the excess staff or to offset the potential loses from fewer people? It wasn't clear why this is the case and the office is in the process of trying to get them to waive it.)
They can't back out of the event now and people who had RSVP'd are trying to wiggle their way out of the commitment.
The party committee decided that if they can't get them to waive that $500 fee, that they would just split it up amongst the employees that attended (not ALL the guests).
Now, there is a chain-reaction of people who suddenly can't make it to the event and that potential $500 (plus $35 for food, cash bar, and $10 for contribution to her gift) is going to be distributed among fewer and fewer people, which is in-turn causing more and more people to try and get out of it.
The party is this Thursday night and they just sent out an email saying that anyone who RSVP'd at any point is considered attending for all costs.
Keep in mind: The people Debbie manages (AKA the party attendees) all make around $28k a year.
Look on the bright side: She's happily subsidizing your pension fund by taking out a fraction of what she's contributed due to sheer hubris/laziness. Good news for everyone else planning to draw from that pool down the road!
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Sep 11, 2017 19:34
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- 19 o'clock
- Sep 9, 2004
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Excelsior!!!
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Offer him a bet. You call in the IRS to audit him, and if his deductions pass the mark, you pay him $500. Otherwise, he pays you $500. Third-party to hold the money. Tell him to put his money where his mouth is.
Haha, actually, that would be perfect. If he starts brow-beating me regarding my lack of information on the matter (experience and education, what does that even count for?) I'll put it out there. I have a feeling he'd button right up.
lmbo. It's just a friendly wager Officer, no extortion here.
Edit: you should go to the IRS to get a nice finders fee though.
It wouldn't be worth it. He's not exactly rolling in it.
Upside if he declines, is that you can mock him relentlessly.
This, ultimately, would be sweeter than any feasible monetary award from the situation.
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Sep 11, 2017 19:36
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- AreWeDrunkYet
- Jul 8, 2006
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That sounds pretty illegal.
I don't feel the least bit bad for her screwing up her pension after that.
They probably couldn't legally collect on that or anything, but most people could probably be shamed into paying.
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Sep 11, 2017 19:55
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- Krispy Wafer
- Jul 26, 2002
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I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat
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Grimey Drawer
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One of our managers (who is one of the worst BWM offenders in a large pool of BWM, but is able to survive the consequences because she has a large income) is retiring next month. It has set off a massive BWM chain-reaction that is costing everyone money.
Part I:
Debbie is retiring early (age 55) after 24 years of service. Pensions fully vest after 25 years of service. You also get full health benefits after 25 years.
That means she is taking a roughly 28% reduction in her pension compared to getting a full pension.
She could cut that early retirement penalty down to 6% if she retired next year (fully vested, but take an age penalty for early retirement).
She doesn't have to retire right now, but she is doing it because she turned 55 last month and that is the youngest you can be to apply for early retirement and collect your pension.
She currently lives paycheck-to-paycheck on a salary of $92k a year, never opened a 457(b) with us during her tenure, and does not have an IRA. That means that her pension is her only income in retirement.
She bought a house 4 years ago. I don't know how much her house cost, but she frequently says that she paid "over half a mil" for it and complains about all the repairs.
The average home price in our area is about $228k.
There is no way that she is going to survive going from paycheck-to-paycheck on $92k a year - with all medical expenses paid for - to roughly $36k a year and responsible for all medical costs.
Everyone is very mad at her because the benefits office sat her down and tried to tell her about the massive amount of money she was leaving on the table by not staying the extra year (22% higher pension payments and healthcare benefits - she has diabetes and sees a doctor twice a month for foot pain treatment) and she didn't want to hear about it. She also got approved for two weeks of vacation and then put in her two-week notice on the second day of her vacation.
Part II:
She has the right to quit whenever she wants and HR/the agency just has to deal with getting a major position filled in two weeks without the previous employee there to train the new hire. Life goes on.
A retirement party is planned for her on the Thursday she comes back from vacation. Because we are a government agency, no public or office funds or materials of any kind can be used for this party.
Several of the major agency heads kick in a few hundred dollars to start the pot and Debbie is consulted about what she wants to do for her party.
Debbie seems to think that this is an episode of My Super Sweet 16 that her coworkers are all paying for.
We plan for:
- Invites for 78 people from outside of the office (39 of Debbie's friends/family and a +1 for each)
- $525 in flowers for the tables and an arrangement to wreath a blown up picture of her.
- A $400 gift from everyone (a gift card to a nice restaurant and gift card to a spa)
The venue she picked has different levels of charges depending on how many people will be there. They schedule a certain amount of staff and cook a certain amount of food, etc.
We select the "100-150 package" based on the ~40 people who were committed to going and the 78 that Debbie was inviting. You actually get discounts for higher levels, so her massive guest list was somewhat of a benefit for the rest of us.
The package we chose had you pick 2 of 4 different meals:
- Vegetarian ($9 per plate)
- Chicken ($11 per plate)
- Fish ($15 per plate)
- Steak ($22 per plate)
We initially went with Vegetarian and Chicken and sent an email out. Debbie called into the office from her vacation to let us know that "Chicken is trashy" and that there were not going to be any vegetarian requests from her party members (the vast majority of people going.)
They changed it to Fish and Steak. They ended up with 32 plates of fish and 86 plates of steak.
To budget for this change, they got rid of the bartenders and changed to a cash bar.
Debbie also requested that we get upgraded plates and silverware because it would be "trashy" to have steaks on regular ceramic plates and "dollar store knives."
After they accounted for the initial pool of money from the department heads, they determined that it would cost $35 per person to attend. This shrank the number of committed people.
Then, 3 days before the party, Debbie lets us know that she is back from vacation and talked to her friends and family about coming. The 78 people that she said were all "Yes" was actually going to be 22.
The venue charges a $500 fee for having fewer than 75% of the attendees you promised (I'm guessing this is something for tipping the excess staff or to offset the potential loses from fewer people? It wasn't clear why this is the case and the office is in the process of trying to get them to waive it.)
They can't back out of the event now and people who had RSVP'd are trying to wiggle their way out of the commitment.
The party committee decided that if they can't get them to waive that $500 fee, that they would just split it up amongst the employees that attended (not ALL the guests).
Now, there is a chain-reaction of people who suddenly can't make it to the event and that potential $500 (plus $35 for food, cash bar, and $10 for contribution to her gift) is going to be distributed among fewer and fewer people, which is in-turn causing more and more people to try and get out of it.
The party is this Thursday night and they just sent out an email saying that anyone who RSVP'd at any point is considered attending for all costs.
Keep in mind: The people Debbie manages (AKA the party attendees) all make around $28k a year.
Please. Don't leave us for another month ever again.
Also Debbie is dying. It's the only explanation. Her blood sugar level is 15 tablespoons.
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Sep 11, 2017 19:55
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- RVT
- Nov 5, 2003
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Everyone is very mad at her because the benefits office sat her down and tried to tell her about the massive amount of money she was leaving on the table by not staying the extra year (22% higher pension payments and healthcare benefits - she has diabetes and sees a doctor twice a month for foot pain treatment) and she didn't want to hear about it.
I don't get it, why would anyone else care about this? I mean I would understand husband or kids being mad, but not soon-to-be former colleagues.
I also don't really understand how any step of this process was allowed to happen. I mean, I get that it all happens one little thing at a time, but at some point some boss has to step in and go, this is out of control and needs to be reigned in a bit. Especially if the employees are somehow obligated to pay for it, which is the most insane part.
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Sep 11, 2017 20:03
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- Leon Trotsky 2012
- Aug 27, 2009
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YOU CAN TRUST ME!*
*Israeli Government-affiliated poster
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I don't get it, why would anyone else care about this? I mean I would understand husband or kids being mad, but not soon-to-be former colleagues.
They aren't mad about her pension or healthcare costs (I assume that most don't know). They are mad because there is chaos down there because lots of people are trying to get Debbie's old job and she gave her 2-week notice one day into her 10-day vacation, so it is a madhouse down there.
Most of the Deputy Managers or Section Heads down there make around 35-40k. A promotion to a 92k salary (they won't make 92k because that was the result of 24 years of experience and % raises for Debbie, but they will still probably double their salary) is massive and there is no manager down there during it. It is basically a crab in a bucket situation where nobody wants to see anyone promoted for fear that their friends will be promoted over them and they will be on the "out clique."
HR wants to hire someone outside, but there is also a rebellion against that when someone from within "deserves" it.
The HR office has had dozens of complaints in the last week all against the people who are applying for Debbie's old job. There is some kind of weird entry-level administrative power struggle. A lot of these people have been making 28-30k for 15+ years and this is a very rare opening.
It is pretty much an environment of controlled chaos.
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Sep 11, 2017 20:13
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- brugroffil
- Nov 30, 2015
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One of our managers (who is one of the worst BWM offenders in a large pool of BWM, but is able to survive the consequences because she has a large income) is retiring next month. It has set off a massive BWM chain-reaction that is costing everyone money.
Part I:
Debbie is retiring early (age 55) after 24 years of service. Pensions fully vest after 25 years of service. You also get full health benefits after 25 years.
That means she is taking a roughly 28% reduction in her pension compared to getting a full pension.
She could cut that early retirement penalty down to 6% if she retired next year (fully vested, but take an age penalty for early retirement).
She doesn't have to retire right now, but she is doing it because she turned 55 last month and that is the youngest you can be to apply for early retirement and collect your pension.
She currently lives paycheck-to-paycheck on a salary of $92k a year, never opened a 457(b) with us during her tenure, and does not have an IRA. That means that her pension is her only income in retirement.
She bought a house 4 years ago. I don't know how much her house cost, but she frequently says that she paid "over half a mil" for it and complains about all the repairs.
The average home price in our area is about $228k.
There is no way that she is going to survive going from paycheck-to-paycheck on $92k a year - with all medical expenses paid for - to roughly $36k a year and responsible for all medical costs.
Everyone is very mad at her because the benefits office sat her down and tried to tell her about the massive amount of money she was leaving on the table by not staying the extra year (22% higher pension payments and healthcare benefits - she has diabetes and sees a doctor twice a month for foot pain treatment) and she didn't want to hear about it. She also got approved for two weeks of vacation and then put in her two-week notice on the second day of her vacation.
Part II:
She has the right to quit whenever she wants and HR/the agency just has to deal with getting a major position filled in two weeks without the previous employee there to train the new hire. Life goes on.
A retirement party is planned for her on the Thursday she comes back from vacation. Because we are a government agency, no public or office funds or materials of any kind can be used for this party.
Several of the major agency heads kick in a few hundred dollars to start the pot and Debbie is consulted about what she wants to do for her party.
Debbie seems to think that this is an episode of My Super Sweet 16 that her coworkers are all paying for.
We plan for:
- Invites for 78 people from outside of the office (39 of Debbie's friends/family and a +1 for each)
- $525 in flowers for the tables and an arrangement to wreath a blown up picture of her.
- A $400 gift from everyone (a gift card to a nice restaurant and gift card to a spa)
The venue she picked has different levels of charges depending on how many people will be there. They schedule a certain amount of staff and cook a certain amount of food, etc.
We select the "100-150 package" based on the ~40 people who were committed to going and the 78 that Debbie was inviting. You actually get discounts for higher levels, so her massive guest list was somewhat of a benefit for the rest of us.
The package we chose had you pick 2 of 4 different meals:
- Vegetarian ($9 per plate)
- Chicken ($11 per plate)
- Fish ($15 per plate)
- Steak ($22 per plate)
We initially went with Vegetarian and Chicken and sent an email out. Debbie called into the office from her vacation to let us know that "Chicken is trashy" and that there were not going to be any vegetarian requests from her party members (the vast majority of people going.)
They changed it to Fish and Steak. They ended up with 32 plates of fish and 86 plates of steak.
To budget for this change, they got rid of the bartenders and changed to a cash bar.
Debbie also requested that we get upgraded plates and silverware because it would be "trashy" to have steaks on regular ceramic plates and "dollar store knives."
After they accounted for the initial pool of money from the department heads, they determined that it would cost $35 per person to attend. This shrank the number of committed people.
Then, 3 days before the party, Debbie lets us know that she is back from vacation and talked to her friends and family about coming. The 78 people that she said were all "Yes" was actually going to be 22.
The venue charges a $500 fee for having fewer than 75% of the attendees you promised (I'm guessing this is something for tipping the excess staff or to offset the potential loses from fewer people? It wasn't clear why this is the case and the office is in the process of trying to get them to waive it.)
They can't back out of the event now and people who had RSVP'd are trying to wiggle their way out of the commitment.
The party committee decided that if they can't get them to waive that $500 fee, that they would just split it up amongst the employees that attended (not ALL the guests).
Now, there is a chain-reaction of people who suddenly can't make it to the event and that potential $500 (plus $35 for food, cash bar, and $10 for contribution to her gift) is going to be distributed among fewer and fewer people, which is in-turn causing more and more people to try and get out of it.
The party is this Thursday night and they just sent out an email saying that anyone who RSVP'd at any point is considered attending for all costs.
Keep in mind: The people Debbie manages (AKA the party attendees) all make around $28k a year.
welcome back, leon!
she's gotta be leaving at least 1/4 mil on the table assuming she lives another 20 years. I wonder if she would have changed her mind if someone put it to her like "if you work one more year, you'd essentially be making $340k (salary+more pension)" or if she's just dead set on giving up all of that money for one year earlier of retirement.
brugroffil fucked around with this message at 20:54 on Sep 11, 2017
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Sep 11, 2017 20:48
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- Barry
- Aug 1, 2003
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Hardened Criminal
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https://www.reddit.com/r/personalfinance/comments/6zgoh5/33_in_bank_account_495_in_savings_with_72000_in/
quote:I am currently living paycheck to paycheck trying to pay back loans and credit cards. I take home almost $3,900 a month living with no dependants but find myself constantly with no money. How can I and do I get myself to budget and salvage my credit score while starting to save money?
Here is a breakdown of my bills and other expenses per month:
$1085 Rent (just got a roommate so that will go down to 585)
$467 Student Loan 1
$210 Loan 4
$370 Student Loan 2
$140 Student Loan 3
$110 Car insurance
$140 Electric (soon to be halved)
$70 Internet (Soon to be halved)
$50 subscription services (audible, adobe, etc...)
$20 dollars renter's insurance
~ $150 Gas
The rest is spent on food & drink and and other miscellaneous. It probably comes close to $100 a week I spend on drinks and going out to eat not including groceries. I owe $2,000 to Amex which I just initiated a balance transfer to a 0% apr discover account with and I owe $1,200 to my other credit card which I have just been paying minimum on recently.
Student Loan 1 $21,766 @ 2.99%
Student Loan 2 $15,733 @ 6.00%
Student Loan 3 $37,461 @ ~4.3% (collection of sub & unsub stafford loans)
Loan 4 $5,276 @ 14.69%
Discover balance transfer $2,300 @ 0% (for first 18 months)
Credit Card $1,313
I got the Amex Platinum card not long ago and stupidly treated it like it was free money. One of those loans is a 5,000 dollar personal loan which was used to pay off amex a few months ago. I have a tendency to spend beyond my means and I have been doing so for so long I do not know how to get this under control. I have made questionable purchases including a $3,000 drone (which I am now trying to sell).
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Sep 11, 2017 21:08
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- Inept
- Jul 8, 2003
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I'm glad no one is going to her party, she sounds like a shithead. Also your coworkers are morons for giving her so much say over the party.
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Sep 11, 2017 21:10
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- Zo
- Feb 22, 2005
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LIKE A FOX
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Hmm yeah I guess they shouldn't audit people who report low incomes on their taxes
lmao look at how dumb you are
IIRC if you're not making very much money, then there's a standard deduction you can take that is probably more than all the reasonable things you can deduct. For most people it's both GWM and GWL because it simplifies your tax preparation considerably. I don't think they ever investigate anybody taking the standard deduction, which means very few students/etc get audited.
yeah i think the Canadian tax agency is just really bored and overstaffed compared to the IRS
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Sep 11, 2017 21:29
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- cowofwar
- Jul 30, 2002
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by Athanatos
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Lol a retirement party is highly important and confidential.
gently caress secretaries and their constant email spam and inability to prioritize poo poo or write subject lines or address properly or put important poo poo inline rather than as an attachment. Also their lovely signatures with weird graphics, fonts, colors and sizes.
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Sep 11, 2017 22:27
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- FrozenVent
- May 1, 2009
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The Boeing 737-200QC is the undisputed workhorse of the skies.
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If your emails have an image background, I'm calling the Sea Patrol on you.
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Sep 11, 2017 22:40
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- Poldarn
- Feb 18, 2011
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One of our managers (who is one of the worst BWM offenders in a large pool of BWM, but is able to survive the consequences because she has a large income) is retiring next month. It has set off a massive BWM chain-reaction that is costing everyone money.
Part I:
Debbie is retiring early (age 55) after 24 years of service. Pensions fully vest after 25 years of service. You also get full health benefits after 25 years.
That means she is taking a roughly 28% reduction in her pension compared to getting a full pension.
She could cut that early retirement penalty down to 6% if she retired next year (fully vested, but take an age penalty for early retirement).
She doesn't have to retire right now, but she is doing it because she turned 55 last month and that is the youngest you can be to apply for early retirement and collect your pension.
She currently lives paycheck-to-paycheck on a salary of $92k a year, never opened a 457(b) with us during her tenure, and does not have an IRA. That means that her pension is her only income in retirement.
She bought a house 4 years ago. I don't know how much her house cost, but she frequently says that she paid "over half a mil" for it and complains about all the repairs.
The average home price in our area is about $228k.
There is no way that she is going to survive going from paycheck-to-paycheck on $92k a year - with all medical expenses paid for - to roughly $36k a year and responsible for all medical costs.
Everyone is very mad at her because the benefits office sat her down and tried to tell her about the massive amount of money she was leaving on the table by not staying the extra year (22% higher pension payments and healthcare benefits - she has diabetes and sees a doctor twice a month for foot pain treatment) and she didn't want to hear about it. She also got approved for two weeks of vacation and then put in her two-week notice on the second day of her vacation.
Part II:
She has the right to quit whenever she wants and HR/the agency just has to deal with getting a major position filled in two weeks without the previous employee there to train the new hire. Life goes on.
A retirement party is planned for her on the Thursday she comes back from vacation. Because we are a government agency, no public or office funds or materials of any kind can be used for this party.
Several of the major agency heads kick in a few hundred dollars to start the pot and Debbie is consulted about what she wants to do for her party.
Debbie seems to think that this is an episode of My Super Sweet 16 that her coworkers are all paying for.
We plan for:
- Invites for 78 people from outside of the office (39 of Debbie's friends/family and a +1 for each)
- $525 in flowers for the tables and an arrangement to wreath a blown up picture of her.
- A $400 gift from everyone (a gift card to a nice restaurant and gift card to a spa)
The venue she picked has different levels of charges depending on how many people will be there. They schedule a certain amount of staff and cook a certain amount of food, etc.
We select the "100-150 package" based on the ~40 people who were committed to going and the 78 that Debbie was inviting. You actually get discounts for higher levels, so her massive guest list was somewhat of a benefit for the rest of us.
The package we chose had you pick 2 of 4 different meals:
- Vegetarian ($9 per plate)
- Chicken ($11 per plate)
- Fish ($15 per plate)
- Steak ($22 per plate)
We initially went with Vegetarian and Chicken and sent an email out. Debbie called into the office from her vacation to let us know that "Chicken is trashy" and that there were not going to be any vegetarian requests from her party members (the vast majority of people going.)
They changed it to Fish and Steak. They ended up with 32 plates of fish and 86 plates of steak.
To budget for this change, they got rid of the bartenders and changed to a cash bar.
Debbie also requested that we get upgraded plates and silverware because it would be "trashy" to have steaks on regular ceramic plates and "dollar store knives."
After they accounted for the initial pool of money from the department heads, they determined that it would cost $35 per person to attend. This shrank the number of committed people.
Then, 3 days before the party, Debbie lets us know that she is back from vacation and talked to her friends and family about coming. The 78 people that she said were all "Yes" was actually going to be 22.
The venue charges a $500 fee for having fewer than 75% of the attendees you promised (I'm guessing this is something for tipping the excess staff or to offset the potential loses from fewer people? It wasn't clear why this is the case and the office is in the process of trying to get them to waive it.)
They can't back out of the event now and people who had RSVP'd are trying to wiggle their way out of the commitment.
The party committee decided that if they can't get them to waive that $500 fee, that they would just split it up amongst the employees that attended (not ALL the guests).
Now, there is a chain-reaction of people who suddenly can't make it to the event and that potential $500 (plus $35 for food, cash bar, and $10 for contribution to her gift) is going to be distributed among fewer and fewer people, which is in-turn causing more and more people to try and get out of it.
The party is this Thursday night and they just sent out an email saying that anyone who RSVP'd at any point is considered attending for all costs.
Keep in mind: The people Debbie manages (AKA the party attendees) all make around $28k a year.
I need a cigarette after that.
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Sep 11, 2017 22:47
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- Panfilo
- Aug 27, 2011
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EXISTENCE IS PAIN😬
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How is a diabetic that lives paycheck to paycheck going to afford insurance from 55 to 65 or whenever she gets Medicare?
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Sep 11, 2017 23:19
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- Panfilo
- Aug 27, 2011
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EXISTENCE IS PAIN😬
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With the money she makes, why didn't Debbie pay for her own drat retirement party? Management heads kicks in some money and Debbie can supplement it with whatever she wants.
The last two retirement parties I've been to involved the retiree's spouse organizing the event. They were a lot of fun and paid for by the couple budgeting the cost and planning ahead.
If Debbie thinks home repairs are expensive just wait till she sees her COBRA costs!
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Sep 12, 2017 03:17
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- Leon Trotsky 2012
- Aug 27, 2009
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YOU CAN TRUST ME!*
*Israeli Government-affiliated poster
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I'm ~Rebbecca with 2 B's, please rename me mods.
She's been working here for over 2 years and I literally never noticed this until now.
I logged into my outlook web portal to double-check her email address and confirm that was how it is spelled. Google apparently says that it is a legitimate, but less popular, spelling of the name from the 1930's.
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Sep 12, 2017 03:40
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- Adbot
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ADBOT LOVES YOU
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May 15, 2024 07:31
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