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bigkahuna
Posts: 4,454
Jan 5, 2011 10:36pm
Right, but they are still working.
I do some summer school stuff and run a summer day camp. Besides the spring and christmas breaks, I don't get any vacation either unless I go on vacation for a week in the summer from the day camp job. Maybe that's why I'm sensitive, because I for one don't sit around with my thumb up my butt for 10 weeks
I do some summer school stuff and run a summer day camp. Besides the spring and christmas breaks, I don't get any vacation either unless I go on vacation for a week in the summer from the day camp job. Maybe that's why I'm sensitive, because I for one don't sit around with my thumb up my butt for 10 weeks
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WebFire
Posts: 14,779
Jan 6, 2011 8:36am
bigkahuna;627547 wrote:Right, but they are still working.
I do some summer school stuff and run a summer day camp. Besides the spring and christmas breaks, I don't get any vacation either unless I go on vacation for a week in the summer from the day camp job. Maybe that's why I'm sensitive, because I for one don't sit around with my thumb up my butt for 10 weeks
But many (most) do. And do you not get paid extra for summer school and camp? If so (and you should), then your argument is irrelevant.
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Gblock
Jan 6, 2011 8:41am
WebFire;627747 wrote:But many (most) do. And do you not get paid extra for summer school and camp? If so (and you should), then your argument is irrelevant.
I would say that more teachers work in the summer than do not. Especially the younger ones. now i agree that most older teachers do not work in the summer. I worked every summer for the first 12 years of teaching, as did most of my friends. really you have to work the summer to make ends meet.
ernest_t_bass
Posts: 24,984
Jan 6, 2011 8:46am
I don't work in the Summer, and I do just fine. I budget well, however I also get paid 12 months.
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Gblock
Jan 6, 2011 9:03am
ernest_t_bass;627753 wrote:I don't work in the Summer, and I do just fine. I budget well, however I also get paid 12 months.
My problem is w all the extra time its just more time to spend money....especially on golf
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Con_Alma
Posts: 12,198
Jan 6, 2011 10:03am
ernest_t_bass;627753 wrote:I don't work in the Summer, and I do just fine. I budget well, however I also get paid 12 months.
Why would you do that...get paid over 12 months?
If you had the opportunity to receive your money when earned why would you ask them to hold it and pay you a couple months later?
O-Trap
Posts: 14,994
Jan 6, 2011 10:16am
Extra time ... a foreign concept to many.Gblock;627762 wrote:My problem is w all the extra time its just more time to spend money....especially on golf
Con_Alma;627808 wrote:Why would you do that...get paid over 12 months?
If you had the opportunity to receive your money when earned why would you ask them to hold it and pay you a couple months later?
Maybe for budgeting purposes?
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Con_Alma
Posts: 12,198
Jan 6, 2011 10:27am
O-Trap;627815 wrote:...
Maybe for budgeting purposes?
My question is if you budget well why not get the money when earned. It doesn't make sense to have them hold your money if you budget well.ernest_t_bass;627753 wrote:... I budget well....
ernest_t_bass
Posts: 24,984
Jan 6, 2011 10:30am
Con_Alma;627822 wrote:My question is if you budget well why not get the money when earned. It doesn't make sense to have them hold your money if you budget well.
To me it makes more sense to have a steady income throughout the year. I don't see the point in receiving it through 9 months. Perhaps you do, and that is perfectly fine, but you won't convince me otherwise.
I'm not saying that it isn't a good idea, but I'm just saying that (in my eyes) it's not even worth discussing/arguing, b/c my mind won't be changed.
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Con_Alma
Posts: 12,198
Jan 6, 2011 10:35am
No. no. I'm not trying to convince you of anything. I am telling you I don't understand why you would ask them to hold your money for you.
I truly don't understand why which is why I asked.
I am not asking you to discuss it. I was asking you to educate me because I just don't get it.
I truly don't understand why which is why I asked.
I am not asking you to discuss it. I was asking you to educate me because I just don't get it.
ernest_t_bass
Posts: 24,984
Jan 6, 2011 10:39am
Con_Alma;627829 wrote:No. no. I'm not trying to convince you of anything. I am telling you I don't understand why you would ask them to hold your money for you.
I truly don't understand why which is why I asked.
I am not asking you to discuss it. I was asking you to educate me because I just don't get it.
I don't want to take that risk. To me, not receiving a paycheck every two weeks in the summer is a huge risk.
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Tiernan
Posts: 13,021
Jan 6, 2011 10:42am
Becuz yo deala don't be takin no credit?ernest_t_bass;627833 wrote:I don't want to take that risk. To me, not receiving a paycheck every two weeks in the summer is a huge risk.
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Gblock
Jan 6, 2011 10:44am
I've done it both ways the 21 pay plan and the 26 and it really works better to take the five extra checks. Budgeting wise, tax wise also. Plus its only about 300 dollar difference depending on your salary tho
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Con_Alma
Posts: 12,198
Jan 6, 2011 10:44am
You're right. We shouldn't discuss it because I look at it much differently. You already have your money. The risk is lessened as opposed to increased.
Thanks for your willingness to engage on the issue. I'll let it go now.
Thanks for your willingness to engage on the issue. I'll let it go now.
C
Con_Alma
Posts: 12,198
Jan 6, 2011 10:48am
Gblock;627842 wrote:I've done it both ways the 21 pay plan and the 26 and it really works better to take the five extra checks. Budgeting wise, tax wise also. Plus its only about 300 dollar difference depending on your salary tho
You owe the same amount of tax whether you receive all of your money in one check or in 26 checks. Tax shouldn't be a factor at all. You control how much is withheld form your check.
How does it work better for you budgeting wise?? Is it easier to have someone else hold the money for you?
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Manhattan Buckeye
Posts: 7,566
Jan 6, 2011 10:48am
Gblock;627842 wrote:I've done it both ways the 21 pay plan and the 26 and it really works better to take the five extra checks. Budgeting wise, tax wise also. Plus its only about 300 dollar difference depending on your salary tho
I'm surprised many districts offer that option - in my Dad's experience they had yearly contracts and hires were made once a year and it was a yearly pay period. To your point with interest rates being in the crapper the dollar difference isn't that great even if you take the full pay up front.
ernest_t_bass
Posts: 24,984
Jan 6, 2011 10:50am
Con_Alma;627843 wrote:You're right. We shouldn't discuss it because I look at it much differently. You already have your money. The risk is lessened as opposed to increased.
Thanks for your willingness to engage on the issue. I'll let it go now.
I have 5 year old, 10 month old, and am taking Masters classes too, so that factors into it. But yes, let's agree to disagree
M
Manhattan Buckeye
Posts: 7,566
Jan 6, 2011 10:50am
"You owe the same amount of tax whether you receive all of your money in one check or in 26 checks"
This is correct, but my guess is withholding. If you get fewer and larger payments the pay provider treats it differently than if you get more, smaller payments. In the end it all works out but if one prefers to keep their money rather than having a large tax return, the smaller the payments the better.
This is correct, but my guess is withholding. If you get fewer and larger payments the pay provider treats it differently than if you get more, smaller payments. In the end it all works out but if one prefers to keep their money rather than having a large tax return, the smaller the payments the better.
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Gblock
Jan 6, 2011 10:52am
Manhattan Buckeye;627852 wrote:I'm surprised many districts offer that option - in my Dad's experience they had yearly contracts and hires were made once a year and it was a yearly pay period. To your point with interest rates being in the crapper the dollar difference isn't that great even if you take the full pay up front.
Also w coaching stipends and the larger check you end up giving uncle Sam an interest free loan in taxes on the 21 pay plan
C
Con_Alma
Posts: 12,198
Jan 6, 2011 10:53am
Manhattan...the employee controls the amount of withholding. If someone takes a 21 pay annual income adjust the dag-gone withholding....but you knew that already.
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Gblock
Jan 6, 2011 10:53am
Manhattan Buckeye;627857 wrote:"You owe the same amount of tax whether you receive all of your money in one check or in 26 checks"
This is correct, but my guess is withholding. If you get fewer and larger payments the pay provider treats it differently than if you get more, smaller payments. In the end it all works out but if one prefers to keep their money rather than having a large tax return, the smaller the payments the better.
Yes
C
Con_Alma
Posts: 12,198
Jan 6, 2011 10:53am
Gblock;627859 wrote:Also w coaching stipends and the larger check you end up giving uncle Sam an interest free loan in taxes on the 21 pay plan
Only if you choose to. Why give them a loan at all?
O-Trap
Posts: 14,994
Jan 6, 2011 10:58am
Ultimately, I don't think it matters whether you do the 21 or 26 option.
If you budget well, you're not going to be any better or worse off at any given point in the year, financially. At hat point, it's nothing but personal preference (ie, opinion).
If you budget well, you're not going to be any better or worse off at any given point in the year, financially. At hat point, it's nothing but personal preference (ie, opinion).
M
Manhattan Buckeye
Posts: 7,566
Jan 6, 2011 11:00am
Con_Alma;627860 wrote:Manhattan...the employee controls the amount of withholding. If someone takes a 21 pay annual income adjust the dag-gone withholding....but you knew that already.
Ideally yes, however some employers won't allow employees to increase their deductions other than exemptions for their spouse and dependents or on the other hand without significant evidence that the exemptions are legit. Public employers tend to restrict how much their employees can withhold.
Private employers likely don't care, as long as there is no fraud or any other hanky panky.
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Gblock
Jan 6, 2011 11:02am
It works better on the 26 pay plan w ur withholding because of the way they add ur coaching check on ur regular check...sometimes ur check can be 8000 dollars....some I know change their withholding before and after their stipends but that's too much work for me. I find w the 26 pay plan and I claim zero I usually UBS up getting back 800-1000 bucks.....however in my earlier days I got screwed a few times and owed 2400