Here's the impact of a 23% paycut (maximum within range):
Less than $1,200 - $276 = $924 amount of new check
$1,400 - $322 = $1,078
$1,600 - $368 = $1,232
$1,800 - $414 = $1,386
$2,000 - $460 = $1,540
$2,500 - $575 = $1,925
$3,000 - $690 = $2,310
Double those numbers and you'll get the monthly amount lost. They range from $552 to $1,380 per month. My family would have difficulty even with the lowest amount there. How many families can weather these numbers for more than a month or two? I think not a lot.
I am guessing that the average monthly amount lost would be around $800.00. I just hope that, if approved, this cut is short-lived. Then again, if it is replaced by a 12% cut and a doubling of the medical premium and a co-pay increase then it won't be much of an improvement.
No opinions here, just that it looks like it's going to be a hard road to hoe for U's families at least in the near to mid term.
jm
Less than $1,200 - $276 = $924 amount of new check
$1,400 - $322 = $1,078
$1,600 - $368 = $1,232
$1,800 - $414 = $1,386
$2,000 - $460 = $1,540
$2,500 - $575 = $1,925
$3,000 - $690 = $2,310
Double those numbers and you'll get the monthly amount lost. They range from $552 to $1,380 per month. My family would have difficulty even with the lowest amount there. How many families can weather these numbers for more than a month or two? I think not a lot.
I am guessing that the average monthly amount lost would be around $800.00. I just hope that, if approved, this cut is short-lived. Then again, if it is replaced by a 12% cut and a doubling of the medical premium and a co-pay increase then it won't be much of an improvement.
No opinions here, just that it looks like it's going to be a hard road to hoe for U's families at least in the near to mid term.
jm