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re: First time ever I got a second job.

Posted on 5/7/15 at 9:49 pm to
Posted by TigerDeBaiter
Member since Dec 2010
10272 posts
Posted on 5/7/15 at 9:49 pm to
Why all the face palms?

Clearly a lot of you guys can't read or have trouble comprehending...

Example:

Guys is making $35k as salary and is taxed at 15%

He takes on a part time gig, hourly to make another 15k. Pretty much all of that additional 15k is taxed at 25% now, and it's likely at a less rate of pay than his salary, meaning he's pretty much always working.. Just saying, it may not be worth the time. Sometimes you're better off putting in the extra hours at your full time job to advance your career.

Posted by baytiger
Boston
Member since Dec 2007
46978 posts
Posted on 5/7/15 at 11:47 pm to
quote:

Sometimes you're better off putting in the extra hours at your full time job to advance your career.
pretty sure if a second job's worth of overtime was an option for him he wouldn't be taking a second job
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7544 posts
Posted on 5/8/15 at 9:44 am to
quote:

Guys is making $35k as salary and is taxed at 15%

He takes on a part time gig, hourly to make another 15k. Pretty much all of that additional 15k is taxed at 25% now, and it's likely at a less rate of pay than his salary, meaning he's pretty much always working.. Just saying, it may not be worth the time. Sometimes you're better off putting in the extra hours at your full time job to advance your career.

So you think the guy is better off with a net of $29,750(not considering tax deductions) then $41,000? Yeah that extra $1,500 in taxes due to rate increase is really not worth the extra $11,250 in net income.....
Posted by lsu13lsu
Member since Jan 2008
11490 posts
Posted on 5/8/15 at 10:39 am to
quote:

it's likely at a less rate of pay than his salary


Why is this the case? Many second jobs offer far better rates per hour; however, they don't offer benefits and endless hours like your primary job.
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