More than $92 million in bonuses averaging $5,500 per employee have been handed out by IRS executives to thousands of the tax agency’s employees since 2009, according to data obtained by The Washington Examiner.
The average annual salary of the employees receiving at least one bonus during the four-year period between 2009 and 2012 was slightly less than $94,000, indicating that the extra tax dollars mostly went to managers and executives eligible [...]
Sarah Hall Ingram, the IRS executive in charge of the tax exempt division in 2010 when it began targeting conservative Tea Party, evangelical and pro-Israel groups for harrassment, got more than $100,000 in bonuses between 2009 and 2012.
More recently, Ingram was promoted to serve as director of the tax agency’s Obamacare program office, a position that put her in charge of the vast expansion of the IRS’ regulatory power and [...]
The fewer the letters in a first name, the better, if the goal is to make more money.
That’s the finding of a new study by TheLadders, an online job-matching site that examined the names of six million of its members.
For every extra letter in a name, the cost in terms of annual salary could be $3,600.
TheLadders tested 24 pairs of names, such as Steve and Stephen, Bill and William, and Sara [...]
(CNSNews.com) – Seventy-percent of the White House staffers who made the top annual salary of $172,200 in 2012 were men and 30 percent were women, according to a White House report on staff compensation.
In addition, men on the White House staff are paid, on average, $86,260.89 and women are paid, on average, $76,162.65. That means the average man on the White House staff is paid about $10,098–about 13 percent–more than the [...]
With the White House closing its doors to public tour groups in order to save money for the sequester, it’s worth remembering some of the other costs the White House incurs annually.
Like the “Chief Calligrapher,” Patricia A. Blair, who has an annual salary of $96,725, and her two deputies, Debra S. Brown, who gets paid $85,953 per year, and Richard T. Muffler, who gets paid $94,372 ever year.
by Mike Shedlock, Global Economic Analysis:
The woes of twice bankrupt Allen J. Parker, age 71 may be over.
The bankrupt city of San Bernardino Hires the Twice Bankrupt Allen Parker as City Manager based on his “experience”.
The bankrupt city of San Bernardino has hired a new city manager who, according to court filings, has twice declared personal bankruptcy and was recently ousted from the board of a small community’s water company after being sued [...]
The White House’s Flickr account recently released a photo of President Barack Obama and his top advisers. The complete absence of women in the image is another reminder that females are underrepresented in Obama’s staff.
Additionally, the president still pays his female employees significantly lessthan their male counterparts.
The Obama White House in 2011 paid female staffers 18 percent less than their male colleagues:
According to the 2011 annual report on White House staff, female employees earned a [...]
President Barack Obama issued an executive order to end the pay freeze on federal employees, in effect giving some federal workers a raise. One federal worker now to receive a pay increase is Vice President Joe Biden.
According to disclosure forms, Biden made a cool $225,521 last year. After the pay increase, he’ll now make $231,900 per year.
Members of Congress, from the House and Senate, also will receive a little bump, as [...]
By Jeremiah McWilliams
The Atlanta Journal-Constitution
Atlanta Mayor Kasim Reed has allowed a roughly 50 percent pay increase for City Council members to become law, but is also committing to sit down with employees next month to start hammering out an agreement on an across-the board pay increase for more than 7,500 rank and file staff.
The move may help defuse anger among Atlanta employees who said the City Council pay increase was way [...]
(CNSNews.com) – The Obama administration named Holly Petraeus–wife of retired Gen. David Patraeus, who resigned last week as CIA director after revealing he had had an extramarital affair–to a $187,605-per-yer job in the newly formed Consumer Financial Protection Bureau (CFPB).
The CFPB, created by the Dodd-Frank law, was placed by that law under the umbrella of the Federal Reserve. The funding of the CFBP, which comes from the Federal Reserve, is [...]
This guy did something slimy, got put on suspension, and has been collecting his salary for doing nothing (with raises) ever since.
God Bless Amerika
Union wants to know why Little Egg Harbor cop continues to collect salary while on lengthy leave
By DONNA WEAVER Staff Writer | Posted: Monday, September 24, 2012 2:00 am
LITTLE EGG HARBOR — A township police lieutenant placed on administrative leave nearly three years ago continues to collect [...]
September 13th, 2012
It may be a humorous satire, but sadly there’s truth to it:
“Jubilant Chicago Public Schools officials announced Wednesday that, for three straight days now, there has not been a single act of student violence in any of the city’s 675 public schools.
“Our classrooms and hallways are safer now than they’ve ever been,” said CPS chief executive Jean-Claude Brizard, happily noting that there have been no reported instances [...]
The 99%: Where you actually rank may surprise you
According to a representative, IRS computers are currently down and they said to call back in 2 hours. when asked if they would still be down in 2 hours, they said call back in another 2 hours.
The IRS Randomly Decided To Push Me Into Bankruptcy: Political Retribution?
I’ve never had tax problems in the past; I’ve always paid my dues as an American citizen.
This year, however, I was made aware that [...]
The White House released its annual report to Congress on staff salaries. At 4:39 p.m. on Friday.
A quick review found the White House payroll appears to have grown since last year, going from $37.1 million in 2011 to $37.8 million in 2012. The number of employees listed also grew — from 454 last year to 468 in 2012.
White House officials did not immediately respond to a message seeking explanation of the growth. Overall, [...]
From a New York Times article on the Massachusetts Senate race:
The Brown campaign has already tried to use Ms. Warren’s Harvard salary — about $431,000 from January 2010 through December 2011, according to her disclosure form — as proof that she is an out-of-touch elitist. Ms. Warren, a longtime consumer advocate, has campaigned as a champion of the middle class and said that corporations and the wealthy unfairly get to play by [...]
Citigroup Inc. (C), the second-worst performer in the KBW Bank Index (BKX) last year, is grappling with a revenue slump. Chief Executive Officer Vikram Pandit is not.
Pandit’s $15 million pay package for 2011 and a multi-year retention package announced in May could total $53 million, based on regulatory filings and an analyst’s estimate. The CEO also received $80 million last year from the New York-based firm’s purchase of his Old [...]
In 2010 Conklin earned $274,988, including $107,688 in base salary, $57,214 in overtime and $46,394 in extra-duty pay.
STAMFORD — A police officer fired by the city in 2007, but later reinstated, soared to the top of the city’s payroll list in 2010 due to a six-figure legal settlement awarding back pay and missed income opportunities.
Officer Joseph Rainone raked in $299,223 in 2010, bringing home a settlement of $158,799 that more than tripled [...]
His payout, £11.9m in salary, annual bonus, long-term incentive awards, pensions contribution and other benefits, as well as £5.75m contribution to settle a tax bill incurred by Mr Diamond when he moved from the US to the UK to take charge of the bank last year. In total the package amounts to £17.7m.
His payout before including long-term awards and the tax contribution was only the third highest at the bank [...]
Two comments (questions) to think about while viewing:
What else happened in 1913?
What are these income numbers when priced in gold?
That average annual salary of $3000/year in 1913 (which sounds high to me) would translate into about $250K/year in 2012 (given a gold price of $1725/oz.). Interesting that this is the “cut-off” number commonly cited by Obama above which one is considered “rich”.
Athens rehearses the nightmare of default (FT)
Greece rescue at crossroads as [...]
By Kerri Shannon, Associate Editor, Money Morning, Money Morning
While many Americans continue to struggle to save money, members of Congress are getting richer.
A Roll Call analysis of Congress members’ financial disclosure forms showed their collective net worth was more than $2 billion in 2010 – a 25% leap from 2008. Minimum net worth in the House of Representatives rose to $1.26 billion, with minimum Senate net worth at $784 million.
WASHINGTON (AP) — A woman who settled a sexual harassment complaint against GOP presidential candidate Herman Cain in 1999 complained three years later at her next job about unfair treatment, saying she should be allowed to work from home after a serious car accident and accusing a manager of circulating a sexually charged email, The Associated Press has learned.
Karen Kraushaar, 55, filed the complaint while working as a spokeswoman at the Immigration and Naturalization Service in [...]
Everyone complains about their job now and then, and members of Congress are no exception.
A few lawmakers have suggested in recent months that despite a $174,000 annual salary, generous health care and pensions, and perks for things like travel and mail, being one of the elite 435 ain’t always what it’s cracked up to be. And when you calculate the hours they put in, the [...]
According to the latest BLS national wage estimate through May 2010, the mean annual salary for lawyers was around $129,440, which partly accounts for the fact that the U.S. has one of the highest number of lawyers per capita in the world.
Based on data from the American Bar Association, there are over 1.2 million lawyers in the United States. That’s one attorney for every 254 Americans, which also makes some [...]
From August, 2010:
Jobs … but low pay
“While a lack of jobs is arguably the biggest problem facing the labor market, another major concern is the quality of the jobs that are being created. The Figure presents the five fastest growing occupations between 2006 and 2009 and shows that all but one of them pays below the median wage in May 2009 of $15.95 an hour. The two fastest-growing occupations, home [...]
BAGHDAD (AP) — One of Iraq’s three vice presidents resigned Monday in an apparent attempt to distance himself from what is seen as an increasingly dysfunctional government.
Shiite Vice President Adel Abdul-Mahdi, a member of the Supreme Islamic Iraqi Council, could not be reached for comment. No formal reason was given for his resignation, after four years in office.
Abdul-Mahdi had threatened for months to leave his post. [...]
John Cook — The White House released its annual salary report last week, and as usual, it’s nice to work for Barack Obama: Most staffers who were there for more than a year got a salary bump. A bigger one than you did.
The last time we checked in on White House salaries, we found that an astonishing 75% of continuing staffers got raises from 2009 to 2010—a huge number given [...]
Companies that are looking for a good deal aren’t seeing one in new workers.
Workers are getting more expensive while equipment is getting cheaper, and the combination is encouraging companies to spend on machines rather than people.
“I want to have as few people touching our products as possible,” said Dan Mishek, managing director of Vista Technologies in Vadnais Heights, Minn. “Everything should be as automated as it can [...]
The former head of the International Monetary Fund accused of sexually assaulting a New York hotel maid will receive a $250,000 severance payment — paid in part courtesy of the American taxpayer — unless U.S. lawmakers can stop the “golden parachute” from landing in the French politician’s bank account.
The IMF claims it has no discretion in the matter of Dominique Strauss-Khan, who was already pulling down nearly $500,000 as managing [...]
Faces of various quants
This winter, sixty five graduate students studying for their Masters of Financial Engineering earned, on average, an annual salary of $94,068 working at Wall Street firms. As interns.
The generic term for what the students are studying to become is “quants,” financial engineers that (generally) design trading systems.
Four years ago, $90,000 was about the average starting base salary paid to quants who had already graduated. But this year, [...]
Looking for a booming job market? Look no further than the website USAJobs.com, where the federal government lists all its job openings. There are thousands of positions, many with six-figure salaries, and no apparent sign of budget belt-tightening.
Here is a sampling of some of what’s listed:
The Air Force is offering up to $115,000 a year for an audio-visual specialist.
The assistant secretary of Indian [...]