| Author |
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Spehro Pefhany
Guest
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| Posted: Tue Nov 23, 2004 6:07 am
Post subject: Re: Residual income |
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On Mon, 22 Nov 2004 19:05:30 -0800, the renowned don groves
<dgroves@domain.net> wrote:
| Quote: | In article <7v65q0de9o82ebrpi8rl7uml1ou1q8kkot@4ax.com>, Tony
Cooper at tony_cooper213@earthlink.net exposited:
On Mon, 22 Nov 2004 15:22:10 -0800, "Skitt" <skitt99@comcast.net
wrote:
It would not be a normal usage here. What you are talking about would
simply be called "net income". That's net after taxes and deductions.
Usually, just called the "net".
"Take-home", actually. Usually. In AmE usage.
I wouldn't say "take-home" is right and "net" is wrong. "Take-home"
to me, is a blue collar term used by people that punch time clocks.
"I netted over 100 K last year" would used instead of "My take-home
was over 100 K" for those in that bracket. People who talk about
"take-home" are talking about a weekly or bi-weekly check. People
who refer to their net are talking income figures.
Take-home pay and net pay are not always the same anyway. Take-
home pay can be less than net pay if one has a deduction for a
charity, for example, or a savings account.
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Even when they should be the same, the net is often more than the
take-home. The deduction tables tend to err on the side of giving the
government a bit extra so that they can send out a refund
cheque/check.
Best regards,
Spehro Pefhany
--
"it's the network..." "The Journey is the reward"
speff@interlog.com Info for manufacturers: http://www.trexon.com
Embedded software/hardware/analog Info for designers: http://www.speff.com
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Murray Arnow
Guest
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| Posted: Tue Nov 23, 2004 6:07 am
Post subject: Re: Residual income |
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"Skitt" <skitt99@comcast.net> wrote:
| Quote: |
Seeing as how big companies pay their help, professional and other, weekly
or bi-weekly, what would be the more usual usage, huh? Very few of the
people I know have a monthly paycheck.
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You may know more people than you think who get paid
monthly--universities typically pay by the month. |
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Tony Cooper
Guest
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| Posted: Tue Nov 23, 2004 6:07 am
Post subject: Re: Residual income |
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On 22 Nov 2004 07:41:27 -0800, athel@ibsm.cnrs-mrs.fr (Athel
Cornish-Bowden) wrote:
| Quote: | "Skitt" <skitt99@comcast.net> wrote in message news:<30c84tF2uh3v4U1@uni-berlin.de>...
netizen wrote:
What's residual income? How is it different from
commission?
Here's what I found Googling "define: residual income":
http://tinyurl.com/6pez7
You can do the same for "commission", or you can look it up at
www.m-w.com
In other words, there are many meanings, and you will have to pick out which
one applies to your context.
Is it possible that there is a Pondial division on this, or maybe a
division between the way economists talk and the way ordinary human
beings talk? Reading the whole thread has been a surprising
experience, because nobody has mentioned what I supposed to be the
everyday meaning of "residual income" as net income, i.e. what is left
of someone's income after tax and compulsory deductions have been
subtracted. Am I quite wrong in thinking it can ever mean this?
|
It would not be a normal usage here. What you are talking about would
simply be called "net income". That's net after taxes and deductions.
Usually, just called the "net".
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Skitt
Guest
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| Posted: Tue Nov 23, 2004 6:07 am
Post subject: Re: Residual income |
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Tony Cooper wrote:
| Quote: | (Athel Cornish-Bowden) wrote:
"Skitt" wrote:
netizen wrote:
What's residual income? How is it different from
commission?
Here's what I found Googling "define: residual income":
http://tinyurl.com/6pez7
You can do the same for "commission", or you can look it up at
www.m-w.com
In other words, there are many meanings, and you will have to pick
out which one applies to your context.
Is it possible that there is a Pondial division on this, or maybe a
division between the way economists talk and the way ordinary human
beings talk? Reading the whole thread has been a surprising
experience, because nobody has mentioned what I supposed to be the
everyday meaning of "residual income" as net income, i.e. what is
left
of someone's income after tax and compulsory deductions have been
subtracted. Am I quite wrong in thinking it can ever mean this?
It would not be a normal usage here. What you are talking about would
simply be called "net income". That's net after taxes and deductions.
Usually, just called the "net".
|
"Take-home", actually. Usually. In AmE usage.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Skitt
Guest
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| Posted: Wed Nov 24, 2004 12:04 am
Post subject: Re: Residual income |
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Spehro Pefhany wrote:
| Quote: | don groves wrote:
Tony Cooper exposited:
"Skitt" wrote:
It would not be a normal usage here. What you are talking about
would simply be called "net income". That's net after taxes and
deductions. Usually, just called the "net".
"Take-home", actually. Usually. In AmE usage.
I wouldn't say "take-home" is right and "net" is wrong. "Take-home"
to me, is a blue collar term used by people that punch time clocks.
"I netted over 100 K last year" would used instead of "My take-home
was over 100 K" for those in that bracket. People who talk about
"take-home" are talking about a weekly or bi-weekly check. People
who refer to their net are talking income figures.
Take-home pay and net pay are not always the same anyway. Take-
home pay can be less than net pay if one has a deduction for a
charity, for example, or a savings account.
Even when they should be the same, the net is often more than the
take-home. The deduction tables tend to err on the side of giving the
government a bit extra so that they can send out a refund
cheque/check.
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Not for me. You see, withholding is adjustable, and I adjusted it all the
time to stay out of the lending-to-the-government-interest-free business.
It's all in the "exemptions claimed" (not "dependents") part, and, within
reason (as judged by the IRS), it is perfectly legal.
I did eventually get in trouble one year when I claimed an excessive amount
and stopped all federal tax deductions for a part of the year, but I still
got money back from the IRS (tax credit for a solar water heating system was
involved). They caught up with me a couple of years later and blacklisted
me, not allowing any drastic exemption changes without their approval, but
the horse was already out of the barn.
I have sparred with the IRS twice, and won both times. It took time,
though.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Skitt
Guest
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| Posted: Wed Nov 24, 2004 12:04 am
Post subject: Re: Residual income |
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Murray Arnow wrote:
| Quote: | "Skitt" wrote:
Seeing as how big companies pay their help, professional and other,
weekly or bi-weekly, what would be the more usual usage, huh? Very
few of the people I know have a monthly paycheck.
You may know more people than you think who get paid
monthly--universities typically pay by the month.
|
OK, I didn't count all the people I "know" through this newsgroup; still,
the general numbers must be as I mentioned. There are more Indians than
there are Chiefs, I think.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Murray Arnow
Guest
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| Posted: Wed Nov 24, 2004 12:04 am
Post subject: Re: Residual income |
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"Skitt" <skitt99@comcast.net> wrote:
| Quote: | Murray Arnow wrote:
"Skitt" wrote:
Seeing as how big companies pay their help, professional and other,
weekly or bi-weekly, what would be the more usual usage, huh? Very
few of the people I know have a monthly paycheck.
You may know more people than you think who get paid
monthly--universities typically pay by the month.
OK, I didn't count all the people I "know" through this newsgroup; still,
the general numbers must be as I mentioned. There are more Indians than
there are Chiefs, I think.
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If you don't include those collecting Social Security. BTW, don't most
pensions disperse monthly? |
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Areff
Guest
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| Posted: Wed Nov 24, 2004 12:05 am
Post subject: Re: Residual income |
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Skitt wrote:
| Quote: | Murray Arnow wrote:
"Skitt" wrote:
Seeing as how big companies pay their help, professional and other,
weekly or bi-weekly, what would be the more usual usage, huh? Very
few of the people I know have a monthly paycheck.
You may know more people than you think who get paid
monthly--universities typically pay by the month.
OK, I didn't count all the people I "know" through this newsgroup; still,
the general numbers must be as I mentioned. There are more Indians than
there are Chiefs, I think.
|
I think I posted something not long ago about how it seemed that getting
paid bimonthly was the norm, but my current j*b pays on a semiweekly
basis, which strikes me as kind of retro.
--
Steny '08! |
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Areff
Guest
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| Posted: Wed Nov 24, 2004 12:05 am
Post subject: Re: Residual income |
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Murray Arnow wrote:
| Quote: | "Skitt" <skitt99@comcast.net> wrote:
Murray Arnow wrote:
"Skitt" wrote:
Seeing as how big companies pay their help, professional and other,
weekly or bi-weekly, what would be the more usual usage, huh? Very
few of the people I know have a monthly paycheck.
You may know more people than you think who get paid
monthly--universities typically pay by the month.
OK, I didn't count all the people I "know" through this newsgroup; still,
the general numbers must be as I mentioned. There are more Indians than
there are Chiefs, I think.
If you don't include those collecting Social Security. BTW, don't most
pensions disperse monthly?
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Getting a pension payment or Social Security payment doesn't constitute
"getting paid", does it? Straight question.
--
Steny '08! |
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Tony Cooper
Guest
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| Posted: Wed Nov 24, 2004 12:05 am
Post subject: Re: Residual income |
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On Tue, 23 Nov 2004 10:32:12 -0800, "Skitt" <skitt99@comcast.net>
wrote:
| Quote: | Murray Arnow wrote:
"Skitt" wrote:
Seeing as how big companies pay their help, professional and other,
weekly or bi-weekly, what would be the more usual usage, huh? Very
few of the people I know have a monthly paycheck.
You may know more people than you think who get paid
monthly--universities typically pay by the month.
OK, I didn't count all the people I "know" through this newsgroup; still,
the general numbers must be as I mentioned. There are more Indians than
there are Chiefs, I think.
|
Still, "take home" seems a bit time clock and lunch bucket to work to
me. It seems like something someone would say when they had a week
with a lot of overtime: "My take home was up this week, so I think
I'll buy me a new pair of steel-toe work shoes." |
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Skitt
Guest
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| Posted: Wed Nov 24, 2004 12:07 am
Post subject: Re: Residual income |
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Murray Arnow wrote:
| Quote: | "Skitt" wrote:
Murray Arnow wrote:
"Skitt" wrote:
Seeing as how big companies pay their help, professional and other,
weekly or bi-weekly, what would be the more usual usage, huh? Very
few of the people I know have a monthly paycheck.
You may know more people than you think who get paid
monthly--universities typically pay by the month.
OK, I didn't count all the people I "know" through this newsgroup;
still, the general numbers must be as I mentioned. There are more
Indians than there are Chiefs, I think.
If you don't include those collecting Social Security. BTW, don't most
pensions disperse monthly?
|
Yeah, but there's no tax withholding, at least, not for me. I take care of
it by taking tax out of my 401k withdrawals at the end of the year. There
are amounts taken out for medical insurance, though.
Come to think of it, the "take-home" term used to be valid only when there
was something to take home, like a check. Nowadays, for me, it all goes
electronically to my bank. There's nothing that is taken home at all.
OK then, as Emily Litella says, never mind.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Skitt
Guest
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| Posted: Wed Nov 24, 2004 12:07 am
Post subject: Re: Residual income |
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Areff wrote:
| Quote: | Murray Arnow wrote:
"Skitt" wrote:
Murray Arnow wrote:
"Skitt" wrote:
Seeing as how big companies pay their help, professional and
other, weekly or bi-weekly, what would be the more usual usage,
huh? Very few of the people I know have a monthly paycheck.
You may know more people than you think who get paid
monthly--universities typically pay by the month.
OK, I didn't count all the people I "know" through this newsgroup;
still, the general numbers must be as I mentioned. There are more
Indians than there are Chiefs, I think.
If you don't include those collecting Social Security. BTW, don't
most pensions disperse monthly?
Getting a pension payment or Social Security payment doesn't
constitute "getting paid", does it? Straight question.
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I thought about that and almost mentioned it im my previous post. Then I
decided that a pension really is retirement pay, as many look at it. The
company has arranged for you to be paid, based on your previous
contributions, financial and in services rendered.
Social Security benefits are "paid" to you, so I'd think that what you get
is a payment or "pay", although the dictionaries say that "pay" is used
/especially/ for wages, but that, implicitly then, is not an exclusive use.
'Tis a puzzlement.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Mike Lyle
Guest
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| Posted: Wed Nov 24, 2004 12:07 am
Post subject: Re: Residual income |
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Tony Cooper wrote:
| Quote: | On Tue, 23 Nov 2004 10:32:12 -0800, "Skitt" <skitt99@comcast.net
wrote:
Murray Arnow wrote:
"Skitt" wrote:
Seeing as how big companies pay their help, professional and
other,
weekly or bi-weekly, what would be the more usual usage, huh?
Very
few of the people I know have a monthly paycheck.
You may know more people than you think who get paid
monthly--universities typically pay by the month.
OK, I didn't count all the people I "know" through this newsgroup;
still, the general numbers must be as I mentioned. There are more
Indians than there are Chiefs, I think.
Still, "take home" seems a bit time clock and lunch bucket to work
to
me. It seems like something someone would say when they had a week
with a lot of overtime: "My take home was up this week, so I think
I'll buy me a new pair of steel-toe work shoes."
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The British know no such anachronistic class divisions: I think
pretty well everybody here refers to their "take-home pay" from time
to time, whether they receive it in a brown envelope every week or it
gets paid straight into the bank every month.
I was intrigued by Areff's "semi-weekly": does it mean "every
semi-week", like every three days or so? or only "half of weekly",
that is, arguably, every other week?
Skitt, with a pension like that you're lucky -- or highly
incorruptible -- to have escaped a cocaine habit in your employed
years!
Mike. |
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Skitt
Guest
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| Posted: Wed Nov 24, 2004 12:07 am
Post subject: Re: Residual income |
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Tony Cooper wrote:
| Quote: | "Skitt" wrote:
Murray Arnow wrote:
"Skitt" wrote:
Seeing as how big companies pay their help, professional and other,
weekly or bi-weekly, what would be the more usual usage, huh? Very
few of the people I know have a monthly paycheck.
You may know more people than you think who get paid
monthly--universities typically pay by the month.
OK, I didn't count all the people I "know" through this newsgroup;
still, the general numbers must be as I mentioned. There are more
Indians than there are Chiefs, I think.
Still, "take home" seems a bit time clock and lunch bucket to work to
me. It seems like something someone would say when they had a week
with a lot of overtime: "My take home was up this week, so I think
I'll buy me a new pair of steel-toe work shoes."
|
Well, but aren't there more of them than there are of the other kind? Maybe
not. I don't know. Even I got paid for overtime. The same straight rate,
sure, but it was extra dollars nonetheless. There was one time when I
worked for only a free lunch, but that was for one day only (for Information
Storage Systems), overseeing a bunch of technicians on a Saturday, because
they could not be left without supervision by a salaried person. My
arguments that they knew very well what had to be done fell on deaf ears.
Company policy is an immutable thing.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Skitt
Guest
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| Posted: Wed Nov 24, 2004 12:07 am
Post subject: Re: Residual income |
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Mike Lyle wrote:
| Quote: | Skitt, with a pension like that you're lucky -- or highly
incorruptible -- to have escaped a cocaine habit in your employed
years!
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A pension like what? And about that cocaine habit I should have had? I'm
afraid I don't follow. Highly incorruptible? That depends on the meaning
of "highly".
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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