[nostradamus]

My gross pay of about $6,000 twice per month gives me a net pay of only about $3500 twice per month. Damned taxes! It's enough to make a die hard liberal like myself turn conservative! I live pretty frugally, actually.

Ha, my "simplistic" math was only off by $300!!! My guess was you take home $6700 per month but you're taking $7k. Yes, damn the taxes. I wonder if there's some kind of tax break you can take for the wife-2b's tuition. Or maybe you have to get married to take the tax break.

You should definitely negotiate with the company. What they're calling a promotion is a euphemism for a pay reduction with the accompanying enslavement of golden handcuffs.

 

[nostradamus]

My gross pay of about $6,000 twice per month gives me a net pay of only about $3500 twice per month. Damned taxes! It's enough to make a die hard liberal like myself turn conservative! I live pretty frugally, actually.

Ha, my "simplistic" math was only off by $300!!! My guess was you take home $6700 per month but you're taking $7k. Yes, damn the taxes. I wonder if there's some kind of tax break you can take for the wife-2b's tuition. Or maybe you have to get married to take the tax break.

You should definitely negotiate with the company. What they're calling a promotion is a euphemism for a pay reduction with the accompanying enslavement of golden handcuffs.

 

[nostradamus]

My gross pay of about $6,000 twice per month gives me a net pay of only about $3500 twice per month. Damned taxes! It's enough to make a die hard liberal like myself turn conservative! I live pretty frugally, actually.

Ha, my "simplistic" math was only off by $300!!! My guess was you take home $6700 per month but you're taking $7k. Yes, damn the taxes. I wonder if there's some kind of tax break you can take for the wife-2b's tuition. Or maybe you have to get married to take the tax break.

You should definitely negotiate with the company. What they're calling a promotion is a euphemism for a pay reduction with the accompanying enslavement of golden handcuffs.

 

[nostradamus]

My gross pay of about $6,000 twice per month gives me a net pay of only about $3500 twice per month. Damned taxes! It's enough to make a die hard liberal like myself turn conservative! I live pretty frugally, actually.

Ha, my "simplistic" math was only off by $300!!! My guess was you take home $6700 per month but you're taking $7k. Yes, damn the taxes. I wonder if there's some kind of tax break you can take for the wife-2b's tuition. Or maybe you have to get married to take the tax break.

You should definitely negotiate with the company. What they're calling a promotion is a euphemism for a pay reduction with the accompanying enslavement of golden handcuffs.

 

[nostradamus]

My gross pay of about $6,000 twice per month gives me a net pay of only about $3500 twice per month. Damned taxes! It's enough to make a die hard liberal like myself turn conservative! I live pretty frugally, actually.

Ha, my "simplistic" math was only off by $300!!! My guess was you take home $6700 per month but you're taking $7k. Yes, damn the taxes. I wonder if there's some kind of tax break you can take for the wife-2b's tuition. Or maybe you have to get married to take the tax break.

You should definitely negotiate with the company. What they're calling a promotion is a euphemism for a pay reduction with the accompanying enslavement of golden handcuffs.

 

[nostradamus]

CONCHO you’re right he’s doing well, but after my simplistic math (even if he’s paying 35% tax and maxing out the 401k at $15.5k) he should be taking home at least $6700 per month. I have lived quite comfortably for some time now on $2.5k per month (single and in a decent condo, with many toys and vacations) while I save the rest of my income.

I guess the rest goes to the wife-2b. Anyhow, my point is: pinch every penny!

[nostradamus]

CONCHO you’re right he’s doing well, but after my simplistic math (even if he’s paying 35% tax and maxing out the 401k at $15.5k) he should be taking home at least $6700 per month. I have lived quite comfortably for some time now on $2.5k per month (single and in a decent condo, with many toys and vacations) while I save the rest of my income.

I guess the rest goes to the wife-2b. Anyhow, my point is: pinch every penny!

[nostradamus]

CONCHO you’re right he’s doing well, but after my simplistic math (even if he’s paying 35% tax and maxing out the 401k at $15.5k) he should be taking home at least $6700 per month. I have lived quite comfortably for some time now on $2.5k per month (single and in a decent condo, with many toys and vacations) while I save the rest of my income.

I guess the rest goes to the wife-2b. Anyhow, my point is: pinch every penny!

[nostradamus]

CONCHO you’re right he’s doing well, but after my simplistic math (even if he’s paying 35% tax and maxing out the 401k at $15.5k) he should be taking home at least $6700 per month. I have lived quite comfortably for some time now on $2.5k per month (single and in a decent condo, with many toys and vacations) while I save the rest of my income.

I guess the rest goes to the wife-2b. Anyhow, my point is: pinch every penny!

[nostradamus]

CONCHO you’re right he’s doing well, but after my simplistic math (even if he’s paying 35% tax and maxing out the 401k at $15.5k) he should be taking home at least $6700 per month. I have lived quite comfortably for some time now on $2.5k per month (single and in a decent condo, with many toys and vacations) while I save the rest of my income.

I guess the rest goes to the wife-2b. Anyhow, my point is: pinch every penny!

[nostradamus]

IMO stock options mean nothing. It is an elusive dream that every company will have an IPO and the shareholders will strike it rich. I’ve been an engineer for 15 years now, and I only know one or two people who have become rich this way. Has anyone on this forum struck it rich this way? Know anyone who has? Do tell. The guys I know who got rich did so by starting a company then eventually being bought out.

For your situation my logic is simple, here are the options I see:

1. Take the promotion, work longer and harder for less pay, and *maybe* your stock options will pay off.
2. Don’t take the promotion and you’re guaranteed to make $30k more per year plus OT.

Being a manager means being good at making business decisions. If I were you I would tell them about your wife-2b and tuition and saving for a home and so on. I think your promotion offer is insulting.

Now I have two questions: First, what’s up with paying for your wife-2b’s tuition? Next, if you’re making $140k now and saving only $2-$3k per month what are you doing with the other $8-$9k?

BTW middle-managers are usually the first to go if there are ever layoffs.

[nostradamus]

IMO stock options mean nothing. It is an elusive dream that every company will have an IPO and the shareholders will strike it rich. I’ve been an engineer for 15 years now, and I only know one or two people who have become rich this way. Has anyone on this forum struck it rich this way? Know anyone who has? Do tell. The guys I know who got rich did so by starting a company then eventually being bought out.

For your situation my logic is simple, here are the options I see:

1. Take the promotion, work longer and harder for less pay, and *maybe* your stock options will pay off.
2. Don’t take the promotion and you’re guaranteed to make $30k more per year plus OT.

Being a manager means being good at making business decisions. If I were you I would tell them about your wife-2b and tuition and saving for a home and so on. I think your promotion offer is insulting.

Now I have two questions: First, what’s up with paying for your wife-2b’s tuition? Next, if you’re making $140k now and saving only $2-$3k per month what are you doing with the other $8-$9k?

BTW middle-managers are usually the first to go if there are ever layoffs.

[nostradamus]

IMO stock options mean nothing. It is an elusive dream that every company will have an IPO and the shareholders will strike it rich. I’ve been an engineer for 15 years now, and I only know one or two people who have become rich this way. Has anyone on this forum struck it rich this way? Know anyone who has? Do tell. The guys I know who got rich did so by starting a company then eventually being bought out.

For your situation my logic is simple, here are the options I see:

1. Take the promotion, work longer and harder for less pay, and *maybe* your stock options will pay off.
2. Don’t take the promotion and you’re guaranteed to make $30k more per year plus OT.

Being a manager means being good at making business decisions. If I were you I would tell them about your wife-2b and tuition and saving for a home and so on. I think your promotion offer is insulting.

Now I have two questions: First, what’s up with paying for your wife-2b’s tuition? Next, if you’re making $140k now and saving only $2-$3k per month what are you doing with the other $8-$9k?

BTW middle-managers are usually the first to go if there are ever layoffs.

[nostradamus]

IMO stock options mean nothing. It is an elusive dream that every company will have an IPO and the shareholders will strike it rich. I’ve been an engineer for 15 years now, and I only know one or two people who have become rich this way. Has anyone on this forum struck it rich this way? Know anyone who has? Do tell. The guys I know who got rich did so by starting a company then eventually being bought out.

For your situation my logic is simple, here are the options I see:

1. Take the promotion, work longer and harder for less pay, and *maybe* your stock options will pay off.
2. Don’t take the promotion and you’re guaranteed to make $30k more per year plus OT.

Being a manager means being good at making business decisions. If I were you I would tell them about your wife-2b and tuition and saving for a home and so on. I think your promotion offer is insulting.

Now I have two questions: First, what’s up with paying for your wife-2b’s tuition? Next, if you’re making $140k now and saving only $2-$3k per month what are you doing with the other $8-$9k?

BTW middle-managers are usually the first to go if there are ever layoffs.

[nostradamus]

IMO stock options mean nothing. It is an elusive dream that every company will have an IPO and the shareholders will strike it rich. I’ve been an engineer for 15 years now, and I only know one or two people who have become rich this way. Has anyone on this forum struck it rich this way? Know anyone who has? Do tell. The guys I know who got rich did so by starting a company then eventually being bought out.

For your situation my logic is simple, here are the options I see:

1. Take the promotion, work longer and harder for less pay, and *maybe* your stock options will pay off.
2. Don’t take the promotion and you’re guaranteed to make $30k more per year plus OT.

Being a manager means being good at making business decisions. If I were you I would tell them about your wife-2b and tuition and saving for a home and so on. I think your promotion offer is insulting.

Now I have two questions: First, what’s up with paying for your wife-2b’s tuition? Next, if you’re making $140k now and saving only $2-$3k per month what are you doing with the other $8-$9k?

BTW middle-managers are usually the first to go if there are ever layoffs.

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