Thread regarding Macy's Inc. layoffs

Severance WAY less than stated!

Received my severance deposit this morning. Even after taxes, the net amount is about $700 less than it should be.

Anyone have any insight into this? Unless they broke it up into multiple payments, I don’t understand it.

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Post ID: @OP+16677zls

9 replies (most recent on top)

Nice try, @zzz+16677zls. Republicans had both houses of Congress and the Presidency, and yet here were are.

I'm glad the Democrats are trying to extend the $600/week unemployment benefit bump and ensure employers are liable if they put their employees in harm's way. Something that the other party is fighting.

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Post ID: @3xyy+16677zls

Your severance is what you were told it would be. The taxes rate is the Federal government. It's about 40%. That's not Macy's fault. Go back and read the FAQ, there is a small statement in it about taxes on this distribution. Macy's didn't cheat you, but you are making it seem that way.

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Post ID: @2dbg+16677zls

Democrats huh, they're not the reason we have no jobs! Look at the reduction in unemployment benefits extras that was a huge help will be reduced to one hundred dollars from six hundreds. Whose idea was that, not the democrats.

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Post ID: @1xyd+16677zls

To the person who gave the 40% reply: thank you. That actually makes sense.

You were more help than Macy’s HR. 👍

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Post ID: @khv+16677zls

Uh the most recent tax rule was through a rethug controlled congress. Nice try, tho.

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Post ID: @zzj+16677zls

Its taxed at 40%, but you will get a considerable amt of it back when you file your 2020 taxes.

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Post ID: @kao+16677zls

My estimated amount of severance pay was what I was paid .

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Post ID: @nci+16677zls

That's the way Uncle Sam rolls. If you don't like it, vote in less Democrats to Congress. You're "rich".

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Post ID: @zzz+16677zls

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