Which tax change is that? I’d like to deduct unlimited sums of non business expenses |
Question to OP: Are you a big law attorney getting pay cut and want the same happen to federal government? |
Yes: This! |
It will mostly apply to hedge fund managers and real estate investors. |
Hey OP, if Congress increases locality pay to accurately reflect the COL in the DC area (no lumping in Baltimore and freaking West Virginia to being the rate down) and the comparable private sector salary for my JD from a top 25 law school (plus all the other graduate and professional degrees that Feds hold) THEN we’ll take a pay cut from whatever amount that salary is. If you want me to take a pay cut like the private sector has, then pay me like a private sector employee. Or how about Feds accept lower salaries for the benefit of job/pay security. Why would anyone with any competence want to work for the federal government is it involves lower pay during good times and now we ALSO get a pay cut during the bad times. Sorry you didn’t do a better job of saving your private sector paycheck when the market was good and now you want to take that out on federal employees. |
| I think I'll keep my paycheck the way that it is, but thanks for thinking of me. |
Omg THIS. |
| Not everyone is getting a pay cut. OP sounds a tad clueless. |
I’m not sold on the idea of lowering pay but don’t play the martyr card here.. There are many perks: job security, early retirement and loads more vacation than most private jobs. |
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What stops people from applying for jobs with the Feds? They'd just rather complain about it? Or what?
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"Work" and "Federal government job" don't go together in the true sense. |
We will. Government always lags the private sector because we depend on tax revenue. I hope for furloughs and pay cuts rather than layoffs. |
| My husband left the federal government 6 months ago and now makes nearly 300k more than he did in his govie job. You want to cut govie pay further? Okay. |
Job security: not if you cut pay Early retirement: Uh, in what WORLD? Only if you carry a firearm (aka law enforcement or military) Loads more vacation: only compared to people working minimum wage. Fed leave policies are paltry compared to most leading corporations. |
This. The only upside of being a fed at this point is stability and pay stability. Once you take that away, what is left? We may as well go work for private industry, make more money, and save for a rainy day. My dh and I have split the difference. One of us works for state or federal government (for the stability) and the other works for private industry (for the pay.) Yes, the GOP would like you to attack all feds and lower their pay too, so they can give more tax credits to millionaires. |