Official Government Shutdown 2023 Thread

[Anonymous]

Make sure you know how to sign in to TSP and other sources of funds from home. Some systems send two factor authentication to work emails and if there’s a shutdown, you may not be able to access those emails.

[Anonymous]

Washington Post just published an article with a new plan by Republicans. Does this change the odds of a shutdown to be less likely?

[Anonymous]

Anonymous wrote:Washington Post just published an article with a new plan by Republicans. Does this change the odds of a shutdown to be less likely?

No. The House republicans have come up with a plan for an 8% cut to most of government, the Senate will never agree to this nor would the White House. They had an agreement with the debt limit bill to keep the budget flat but the House Rs now want more cuts.

[Anonymous]

Anonymous wrote:Washington Post just published an article with a new plan by Republicans. Does this change the odds of a shutdown to be less likely?

Booo.... Shut it down!!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What happens to FEHB and FEGLI if we miss a paycheck? To they wait until we get paid, or do we have to go out of pocket for our share of premiums?

Your premiums will get paid later when the lapse ends and you get your back pay, you don’t go out of pocket and your coverage continues.

And if the shutdown lasts a long time, that back pay check is big and taxed at a higher rate!

What? Marginal tax rates are based on AGI, and withholding is based on annual comp, not what you make in each check. If that were true, companies could lower taxes for their employees by going to biweekly pay.

I swear in 2013 I had more taxes taken out of my check.

Yes, they may withhold more money because they assume that higher amounts may have you in a higher marginal tax bracket and so they withhold more to ensure that you don't have a bigger tax burden come tax day. But the actual taxes will not change. It's not taxed at a higher rate (unless it does cross a tax bracket boundary). There is more withheld. If the over-withhold for you, you'll have a tax return when you calculate your taxes.

Fair enough, but I needed that money back in 2013 and having more taxes withheld once we finally got paid was painful.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What happens to FEHB and FEGLI if we miss a paycheck? To they wait until we get paid, or do we have to go out of pocket for our share of premiums?

Your premiums will get paid later when the lapse ends and you get your back pay, you don’t go out of pocket and your coverage continues.

And if the shutdown lasts a long time, that back pay check is big and taxed at a higher rate!

What? Marginal tax rates are based on AGI, and withholding is based on annual comp, not what you make in each check. If that were true, companies could lower taxes for their employees by going to biweekly pay.

I swear in 2013 I had more taxes taken out of my check.

Yes, they may withhold more money because they assume that higher amounts may have you in a higher marginal tax bracket and so they withhold more to ensure that you don't have a bigger tax burden come tax day. But the actual taxes will not change. It's not taxed at a higher rate (unless it does cross a tax bracket boundary). There is more withheld. If the over-withhold for you, you'll have a tax return when you calculate your taxes.

Fair enough, but I needed that money back in 2013 and having more taxes withheld once we finally got paid was painful.

Would you have prefered to have less money withheld, gotten more in your paycheck, but then had a big tax bill to pay come April 2014? That was the alternative. You were going to pay the taxes either way, but they were trying to avoid you having sticker shock when you calculated your taxes in 2014 and then having a problem finding the money to pay by April 15. In general, when people have more withheld, they find a way to adjust to the lower paycheck better than if they get more money in the paycheck and then have a big tax debt to pay the following year.

[Anonymous]

Anonymous wrote:Washington Post just published an article with a new plan by Republicans. Does this change the odds of a shutdown to be less likely?

That’s going nowhere quickly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What happens to FEHB and FEGLI if we miss a paycheck? To they wait until we get paid, or do we have to go out of pocket for our share of premiums?

Your premiums will get paid later when the lapse ends and you get your back pay, you don’t go out of pocket and your coverage continues.

And if the shutdown lasts a long time, that back pay check is big and taxed at a higher rate!

What? Marginal tax rates are based on AGI, and withholding is based on annual comp, not what you make in each check. If that were true, companies could lower taxes for their employees by going to biweekly pay.

I swear in 2013 I had more taxes taken out of my check.

Yes, they may withhold more money because they assume that higher amounts may have you in a higher marginal tax bracket and so they withhold more to ensure that you don't have a bigger tax burden come tax day. But the actual taxes will not change. It's not taxed at a higher rate (unless it does cross a tax bracket boundary). There is more withheld. If the over-withhold for you, you'll have a tax return when you calculate your taxes.

Fair enough, but I needed that money back in 2013 and having more taxes withheld once we finally got paid was painful.

Would you have prefered to have less money withheld, gotten more in your paycheck, but then had a big tax bill to pay come April 2014? That was the alternative. You were going to pay the taxes either way, but they were trying to avoid you having sticker shock when you calculated your taxes in 2014 and then having a problem finding the money to pay by April 15. In general, when people have more withheld, they find a way to adjust to the lower paycheck better than if they get more money in the paycheck and then have a big tax debt to pay the following year.

I was in my 20s, single, and wasn’t getting a paycheck. I needed the money and could plan for a larger tax bill once I actually had income. I fared better in 2019 because I was in a better financial situation, but in 2013 after I had bills to pay and no money coming in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Washington Post just published an article with a new plan by Republicans. Does this change the odds of a shutdown to be less likely?

That’s going nowhere quickly.

+1. Let me see if I have this right. It took 5 factions of the Republican Party 4 days to negotiate an agreement THAT LEFT KEVIN McCARTHY COMPLETELY IN THE DARK, cuts everything not related to defense 8%— in exchange for a one month CR, after which they will go for 8% more. And, it’s still not clear they can get it to the floor, let alone pass it. And if they do, the entire Senate— even Mitch McConnell— is going to laugh in their faces.

Putting aside the reality of government spending, which is fixed costs that can’t be cut that much that fast. Lease payments are due. RIFs take time. Etc.

And they are proud because they have a plan. A bad, workable and likely impossible plan without the support of the House leader. But something that might or might not make it to the floor and that will put the Republicans in Biden districts in a terrible position if it does.

f**k. This shutdown is going to last forever.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What happens to FEHB and FEGLI if we miss a paycheck? To they wait until we get paid, or do we have to go out of pocket for our share of premiums?

Your premiums will get paid later when the lapse ends and you get your back pay, you don’t go out of pocket and your coverage continues.

And if the shutdown lasts a long time, that back pay check is big and taxed at a higher rate!

What? Marginal tax rates are based on AGI, and withholding is based on annual comp, not what you make in each check. If that were true, companies could lower taxes for their employees by going to biweekly pay.

I swear in 2013 I had more taxes taken out of my check.

Yes, they may withhold more money because they assume that higher amounts may have you in a higher marginal tax bracket and so they withhold more to ensure that you don't have a bigger tax burden come tax day. But the actual taxes will not change. It's not taxed at a higher rate (unless it does cross a tax bracket boundary). There is more withheld. If the over-withhold for you, you'll have a tax return when you calculate your taxes.

Fair enough, but I needed that money back in 2013 and having more taxes withheld once we finally got paid was painful.

Would you have prefered to have less money withheld, gotten more in your paycheck, but then had a big tax bill to pay come April 2014? That was the alternative. You were going to pay the taxes either way, but they were trying to avoid you having sticker shock when you calculated your taxes in 2014 and then having a problem finding the money to pay by April 15. In general, when people have more withheld, they find a way to adjust to the lower paycheck better than if they get more money in the paycheck and then have a big tax debt to pay the following year.

I was in my 20s, single, and wasn’t getting a paycheck. I needed the money and could plan for a larger tax bill once I actually had income. I fared better in 2019 because I was in a better financial situation, but in 2013 after I had bills to pay and no money coming in.

All you needed to do in 2013 was change your withholding. This isn’t difficult to do and not something you had to wait until 4/2014 to resolve.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What happens to FEHB and FEGLI if we miss a paycheck? To they wait until we get paid, or do we have to go out of pocket for our share of premiums?

Your premiums will get paid later when the lapse ends and you get your back pay, you don’t go out of pocket and your coverage continues.

And if the shutdown lasts a long time, that back pay check is big and taxed at a higher rate!

What? Marginal tax rates are based on AGI, and withholding is based on annual comp, not what you make in each check. If that were true, companies could lower taxes for their employees by going to biweekly pay.

I swear in 2013 I had more taxes taken out of my check.

Yes, they may withhold more money because they assume that higher amounts may have you in a higher marginal tax bracket and so they withhold more to ensure that you don't have a bigger tax burden come tax day. But the actual taxes will not change. It's not taxed at a higher rate (unless it does cross a tax bracket boundary). There is more withheld. If the over-withhold for you, you'll have a tax return when you calculate your taxes.

Fair enough, but I needed that money back in 2013 and having more taxes withheld once we finally got paid was painful.

Would you have prefered to have less money withheld, gotten more in your paycheck, but then had a big tax bill to pay come April 2014? That was the alternative. You were going to pay the taxes either way, but they were trying to avoid you having sticker shock when you calculated your taxes in 2014 and then having a problem finding the money to pay by April 15. In general, when people have more withheld, they find a way to adjust to the lower paycheck better than if they get more money in the paycheck and then have a big tax debt to pay the following year.

I was in my 20s, single, and wasn’t getting a paycheck. I needed the money and could plan for a larger tax bill once I actually had income. I fared better in 2019 because I was in a better financial situation, but in 2013 after I had bills to pay and no money coming in.

All you needed to do in 2013 was change your withholding. This isn’t difficult to do and not something you had to wait until 4/2014 to resolve.

Ok fine you win. I’ll go back in my Time Machine and fix it.

[Anonymous]

How long do you predict the gov't shutdown to go for?

[Anonymous]

Anonymous wrote:How long do you predict the gov't shutdown to go for?

Sounds like about a month.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Washington Post just published an article with a new plan by Republicans. Does this change the odds of a shutdown to be less likely?

Booo.... Shut it down!!!

Spoken like a true Fed

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Washington Post just published an article with a new plan by Republicans. Does this change the odds of a shutdown to be less likely?

That’s going nowhere quickly.

+1. Let me see if I have this right. It took 5 factions of the Republican Party 4 days to negotiate an agreement THAT LEFT KEVIN McCARTHY COMPLETELY IN THE DARK, cuts everything not related to defense 8%— in exchange for a one month CR, after which they will go for 8% more. And, it’s still not clear they can get it to the floor, let alone pass it. And if they do, the entire Senate— even Mitch McConnell— is going to laugh in their faces.

Putting aside the reality of government spending, which is fixed costs that can’t be cut that much that fast. Lease payments are due. RIFs take time. Etc.

And they are proud because they have a plan. A bad, workable and likely impossible plan without the support of the House leader. But something that might or might not make it to the floor and that will put the Republicans in Biden districts in a terrible position if it does.

f**k. This shutdown is going to last forever.

Yep