Re:The San Francisco Bay Area shelter-in-place order is bein...
by rayiner on Monday April 27, 2020 @06:59PM
(#23001172)
In the US, the third category is being furloughed and collecting unemployment. Here in Maryland, anyone making $55,000 or below collects as much in unemployment (with the $600/week federal supplement) than they did while employed. The IT systems have done a bad job handling some new categories of claimants (people who couldn’t collect unemployment before but were allowed to under the CARES Act). So some people are waiting for checks. But others are relatively unaffected: when the stay at home orders end, they expect to get called back to their jobs.
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Re:The San Francisco Bay Area shelter-in-place order is bein...
by greedo on Monday April 27, 2020 @11:44PM
(#23003123)
Just a mathematical nit; Maryland caps unemployment at $430 per week. So adding CARES bumps that to $1030/week. It's only lasts 26 weeks, so it's worth $26780. I'm not sure if you have to pay income tax on any of this.
Re:The San Francisco Bay Area shelter-in-place order is bein...
by rayiner on Tuesday April 28, 2020 @02:05AM
(#23003925)
It’s the equivalent of a $53,500 annualized salary in terms of weekly paychecks. Also, CARES Act extends unemployment through the end of the year (39 weeks). A recent U of Wash study projected states could start easing restrictions in late May to early June. But it’s going to be a slow reopening. The concern is that if the federal government is bankrolling things, the reopening will be slower than necessary.
Re:The San Francisco Bay Area shelter-in-place order is bein...
by Scipio_Afri on Tuesday April 28, 2020 @03:48AM
(#23004587)
First of all, you pay income taxes on unemployment income. The additional $600 per week as part of the CARES act is only through July 31st. Then it reverts to just the ase amount - which is whatever percentage of your income (until it reaches a capped amount) that unemployment insurance pays out, which varies by state.