Monday, April 18, 2011

Reason #9 why the levy is not needed

Taxpayers are picking up the pickup and the pickup of the pickup -- and the pick up medicare.

For state retirement, the school district and the employee contribute to the employee's retirement -- unless the employee works for Olentangy, of course.

In Olentangy, the district -- which means the taxpayers -- "picks up" the employee contribution. In addition, since the district picked up the employee's contribution, that amount is considered income and subject to retirement contributions, from both the district and employee. The district -- taxpayers, once again -- "picks up" the employee contribution on the original "pickup," the pickup on the pickup.

So administrator income is actually 11% higher than advertised.

Make sense?

It doesn't have to. But you pay for it anyway.

1 comment:

Anonymous said...

Unbelievable!! My head is becoming mush from the crap that Olentangy is pulling.