We are having a debate here at work. Is there a point where you made too much money in your previous job so you cannot get unemployment? Could a Dynegy Energy trader, who makes 100-200K a year, get unemployment after the company goes under? Or if you have 100K in the bank, can you get unemployment? Luckily I dont know anything about this system. (knock on wood)
I'm not sure. I do know a guy who was collecting unemployment while making good money as a stock trader. He was a rat b*stard for exploiting the welfare system, but I don't know if he did anything to hide his capital gains or the money he had in the bank. Come to think of it, in the recent downturn, he probably lost his shirt -- he was always a very risky investor.
Your employer pays the gov't for unemployment...they pay more for the higher salary you have...i.e. a percentage of their total payroll. I think I remember in my HR class someone saying that you actually get a percentage of your previous salary. Anyways...the amount of money you make does not make you unable to get unemployment as long as you are looking for new employment.
I was laid off from my job a couple of months ago and have not yet found a new job. I was an attorney at a major corporation (NOT Enron). Your benefits are based on your previous salary. The max benefits are $319 per week.
