No One's Raising Taxes Right Now

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teflor the ranger
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No One's Raising Taxes Right Now

Postby teflor the ranger » Mon Apr 26, 2010 6:40 am

http://www.youtube.com/watch?v=pAl16Jjt ... r_embedded

Kind of funny, the opinions of some.
Todrael
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Re: No One's Raising Taxes Right Now

Postby Todrael » Mon Apr 26, 2010 9:25 pm

I am the 49,455,350 richest person in the world! (Top 0.82%). Kickass.
Corth
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Re: No One's Raising Taxes Right Now

Postby Corth » Tue Apr 27, 2010 3:29 am

Todrael earns $74,657 per year.
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Re: No One's Raising Taxes Right Now

Postby kiryan » Tue Apr 27, 2010 3:39 am

does that include sweet federal benefits or taxes?
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Re: No One's Raising Taxes Right Now

Postby Corth » Tue Apr 27, 2010 5:28 am

Based on his previous posts, I don't get the impression Todrael takes into account employee benefits such as healthcare, defined benefit pension, etc when discussing compensation. I would guess that it is a before taxes figure.
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Re: No One's Raising Taxes Right Now

Postby Todrael » Tue Apr 27, 2010 12:54 pm

Federal salary tables are publicly available on the OPM website. We work for you, so this is stuff you guys get to know. I'm a GS-12 step 2 in 'Rest of US', basically as high as I can go unless I enter management. I was including a 5% matching contribution to my 401k, since it's a straight cash benefit. Here are the health care premiums for federal employees. Much like social security, I don't think the pension will stick around.

Anyone else care to share, or are we still bashing federal employee compensation?
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Re: No One's Raising Taxes Right Now

Postby Sarvis » Tue Apr 27, 2010 1:27 pm

Todrael wrote:Anyone else care to share, or are we still bashing federal employee compensation?



I only make $62K... so I'm still on board for a little bashing. ;)
teflor the ranger
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Re: No One's Raising Taxes Right Now

Postby teflor the ranger » Tue Apr 27, 2010 2:01 pm

To be fair, part of the reason why Federal healthcare is so expensive is that the Federal government is stuffed to the gills with old fogeys.
Todrael
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Re: No One's Raising Taxes Right Now

Postby Todrael » Tue Apr 27, 2010 2:11 pm

The average age where I work is 50; there's got to be a bunch of 70+ to offset new hires.

From the premiums I linked above, the most popular plan (Blue Cross Blue Shield Standard) costs the government $363 for one person and $815 for family coverage per month. I'm not sure how that compares to the cost of private industry employer-provided insurance.
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Re: No One's Raising Taxes Right Now

Postby Tanras » Tue Apr 27, 2010 6:01 pm

Todrael wrote:The average age where I work is 50; there's got to be a bunch of 70+ to offset new hires.

From the premiums I linked above, the most popular plan (Blue Cross Blue Shield Standard) costs the government $363 for one person and $815 for family coverage per month. I'm not sure how that compares to the cost of private industry employer-provided insurance.


That is not a bad price depending on age/gender.
teflor the ranger
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Re: No One's Raising Taxes Right Now

Postby teflor the ranger » Tue Apr 27, 2010 7:42 pm

Tanras wrote:
Todrael wrote:The average age where I work is 50; there's got to be a bunch of 70+ to offset new hires.

From the premiums I linked above, the most popular plan (Blue Cross Blue Shield Standard) costs the government $363 for one person and $815 for family coverage per month. I'm not sure how that compares to the cost of private industry employer-provided insurance.


That is not a bad price depending on age/gender.

http://www.opm.gov/insure/health/rates/ ... mo2010.pdf
(HD = High Deductible)

For comparison, Individual HD and Standard premiums for a late 20ish male are about $75 and $150 a month on the open market.

Btw, Todrael, you may want to look into other insurers in the Fed plans, they may save you some money.
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Re: No One's Raising Taxes Right Now

Postby Todrael » Tue Apr 27, 2010 9:34 pm

I said 'costs the government' - the premiums to employees are lower than that, as shown by Teflor. The dollar figure I quoted was the 'benefit' portion.
teflor the ranger
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Re: No One's Raising Taxes Right Now

Postby teflor the ranger » Wed Apr 28, 2010 4:54 am

I think my point was that the health care premiums for coverage of Federal employees are insanely high, compared to the individual insurance costs for a late 20's male.

It's indicative of just how old the Federal Government workforce is. Ancient, in fact: 47 years is the average. (source)

For every Federal employee that is 24 years old, there are three that are 55.

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