Wed Jan 30, 2013, 07:05 PM
michigandem58 (1,044 posts)
45,800 Ford workers to get record $8,300 profit-sharing checks
Ford Motor Co.'s record North American profit in 2012 will have a ripple effect on auto communities across the country and especially here in Southeast Michigan.
Roughly 45,800 hourly United Auto Workers members who work at Ford plants in the United States will receive record profit-sharing checks of $8,300 on average in March.
"The expected increase in profit-sharing checks for autoworkers this March is good news for Michigan's economy," said Robert Dye, chief economist at Comerica Bank. "It will help to buffer households from the drag of higher payroll taxes," which increased 2 percent for all working Americans on Jan. 1.
From The Detroit News: http://www.detroitnews.com/article/20130129/AUTO0102/301290431#ixzz2JVUgCTzK
5 replies, 460 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
45,800 Ford workers to get record $8,300 profit-sharing checks (Original post)
|Sherman A1||Jan 2013||#1|
Response to michigandem58 (Original post)
Wed Jan 30, 2013, 09:05 PM
zbdent (35,392 posts)
4. "drag of higher payroll taxes" ...
not to belittle the Ford workers, but to have an $8k impact on your payroll taxes, you'd have to be making well over the point where they stop taking any more out for "payroll taxes" ...