My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
FULL PACKET_2013-08-05
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2013
>
08/05/2013
>
FULL PACKET_2013-08-05
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/6/2017 4:20:22 PM
Creation date
8/1/2013 3:57:34 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Date
8/5/2013
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
1044
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
The time at the new job was calculated as follows: <br />The <br />Table D -2 Procedure for Calculating Time at <br />Data Provided As <br />! Time at New Job Years)` <br />Days <br />Days / 365 <br />Weeks <br />Weeks / 52 <br />Months <br />Months / 12 <br />Years <br />Same <br />Still Have Job <br />I (Survey Date --- Start Date at New Job) / 365 <br />New <br />Job <br />information on start date at the new job in the above table was requested in the survey as <br />month, day, and year. Many of the respondents that indicated that they found a job during <br />calendar year 2008 did not provided one or more pieces of this information. In these cases, <br />the midpoint of the quarter were used to estimate the start date of the job. <br />(d) Calculate cumulative additional income earned The benefits of finding a job during <br />calendar year 2008 are accrued to the government over the entire period that that job is held. <br />The cumulative additional income taxed is calculated as: <br />(Change in Annual Income) x (Time at New Job) <br />Assumption: The underlying assumption here is that for those respondents who had a <br />previous job and moved to a new one during calendar year 2008, had they not <br />received the new job, they would have continued in their old job. This is a <br />conservative assumption because not knowing how they long they would <br />have continued in their old job this assumption gives the lowest value for <br />cumulative income. <br />Note: The above formula for calculating cumulative additional does not use any <br />discounting of tax revenue earned over multiple years. This is a <br />reasonable assumption given that the average time at new job is about <br />one year and two months. <br />(e) Calculate additional taxes paid Additional taxes paid are calculated by applying the tax <br />rates to the above - calculated cumulative additional income. Sales tax paid was calculated by <br />first estimating the amount of income spent on taxable goods and services, and then applying <br />the sales tax rate to this spending. Thus, the various taxes were calculated as follows: <br />19F -365 <br />
The URL can be used to link to this page
Your browser does not support the video tag.