At what point does Overtime become not worth it in your eyes? | TigerDroppings.com

Posted byMessage
PropofoLSU
LSU Fan
College Station, TX
Member since Aug 2013
370 posts

At what point does Overtime become not worth it in your eyes?


I'm saying you have a OT baller job, you get a substantial pay increase after 3:30 PM everyday, but when you are getting taxed 39%, do you kill youself for the bigger checks or do you find a # to shoot for, for best capital gains and lifestyle?




This post was edited on 9/19 at 2:02 pm



Back to top
Share:
Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18075 posts

re: At what point does Overtime become not worth it in your eyes?


What an odd open ended question.





Back to top
PropofoLSU
LSU Fan
College Station, TX
Member since Aug 2013
370 posts

re: At what point does Overtime become not worth it in your eyes?


How so?

I'm a salaried worker who gets paid bi weekly with a chance for 20 hours OT a week 80% of the time........

Problem is that 20 hours only changes my take home by about a 1000 bucks.






Back to top
jimbeam
USA Fan
University of LSU
Member since Oct 2011
29999 posts

re: At what point does Overtime become not worth it in your eyes?


quote:

but when you are getting taxed 39%, do you kill youself for the bigger checks


If you aren't making OT money and are getting taxed 25%, do you still kill yourself?

Isn't it relative?






Back to top
PropofoLSU
LSU Fan
College Station, TX
Member since Aug 2013
370 posts

re: At what point does Overtime become not worth it in your eyes?


I get your point but someone hypothetically making 140k vs someone making 70k means the OT is alot more important to the 70ker? Right?


This post was edited on 9/19 at 2:07 pm


Back to top
Cold Cous Cous
LSU Fan
TD OG
Member since Oct 2003
13385 posts

re: At what point does Overtime become not worth it in your eyes?


nvm


This post was edited on 9/19 at 2:09 pm


Back to top
LNCHBOX
LSU Fan
70001
Member since Jun 2009
17001 posts

re: At what point does Overtime become not worth it in your eyes?


quote:

Problem is that 20 hours only changes my take home by about a 1000 bucks.


Every pay period or every year?

ETA: [/sarcasm] just in case it wasn't obvious.



This post was edited on 9/19 at 2:11 pm


Back to top
PropofoLSU
LSU Fan
College Station, TX
Member since Aug 2013
370 posts

re: At what point does Overtime become not worth it in your eyes?


every pay period.

ETA: it wasn't



This post was edited on 9/19 at 2:12 pm


Back to top
LNCHBOX
LSU Fan
70001
Member since Jun 2009
17001 posts

re: At what point does Overtime become not worth it in your eyes?


What is your family situation like? If you're single, then an extra $26,000 take home is pretty nice.

When are these hours? Only M-F?






Back to top
PropofoLSU
LSU Fan
College Station, TX
Member since Aug 2013
370 posts

re: At what point does Overtime become not worth it in your eyes?


I have 1 kid who is almost 2 and another on way, wife stays home.......I was asking more relative to the tax bracket etc.......

M-F I'm a salaried worker until 3:30. After 3:30 I become OT worker.

Weekends I'm call pay which is same as OT pay.

Don't have to work but 1 weekend call shift a month.



This post was edited on 9/19 at 2:32 pm


Back to top
Tigerpaw123
USA Fan
P'ville
Member since Mar 2007
9074 posts

re: At what point does Overtime become not worth it in your eyes?


quote:

I was asking more relative to the tax bracket et


does not change your bracket, once you hit a threshold you pay the higher tax on the money above that threshold only, regardless if it is OT, regular pay, or money from another job






Back to top
PropofoLSU
LSU Fan
College Station, TX
Member since Aug 2013
370 posts

re: At what point does Overtime become not worth it in your eyes?


quote:

does not change your bracket, once you hit a threshold you pay the higher tax on the money above that threshold only, regardless if it is OT, regular pay, or money from another job


Thanks I didn't realize that.






Back to top
Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
55546 posts

re: At what point does Overtime become not worth it in your eyes?


Exactly. So make it while you can.





Back to top
HeadyMurphey
LSU Fan
Los Santos
Member since Jan 2008
15762 posts

re: At what point does Overtime become not worth it in your eyes?


What kind of OT baller job gets paid overtime?





Back to top
Tigerpaw123
USA Fan
P'ville
Member since Mar 2007
9074 posts

re: At what point does Overtime become not worth it in your eyes?


so i guess it becomes quality of life, if working the overtime means you have to miss your kids T ball game and you dont really need the money screw it, but if you are just going to be home posting on TD, I would rather be making the $100 / hour, just have to weigh your options and let the taxes play themselves out, work with your CPA to make sure you are you are not leaving any deductions or credits on the table





Back to top
medtiger
LSU Fan
Cubs Fan
Member since Sep 2003
17463 posts

re: At what point does Overtime become not worth it in your eyes?


quote:

let the taxes play themselves out


Yea, it doesn't make sense to leave money on the table because it'll be taxed, IMO. Maybe it would be different if your entire income was taxed at 39% vs 33%, but since only the amount you make over the 33% threshold is taxed at 39%, then you should defintiely make all the money you can.

Now, if you're talking quality of life issues, like spending time with kids, family, etc., then that's a different story. But, I wouldn't ever not take OT because of the taxes.






Back to top
TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2410 posts

re: At what point does Overtime become not worth it in your eyes?


I would lower my taxable income. If that is not an option I would make the decision based on where I consider where my quality of life takes a hit. Working 50hrs a week is doable without sacrificing much of a home life, especially if you can telecommute 1 or 2 days a week. Flex scheduling is also a nice option.





Back to top
yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
67382 posts

re: At what point does Overtime become not worth it in your eyes?


The problem is with your company's payroll software, it looks at your 2 week check and assumes you will make that amount every take so it will withhold at a higher rate





Back to top
TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2410 posts

re: At what point does Overtime become not worth it in your eyes?


quote:

What kind of OT baller job gets paid overtime?


Plant operator of course.






Back to top
Tigerpaw123
USA Fan
P'ville
Member since Mar 2007
9074 posts

re: At what point does Overtime become not worth it in your eyes?


quote:

The problem is with your company's payroll software, it looks at your 2 week check and assumes you will make that amount every take so it will withhold at a higher rate


This

but in all reality it washes out at the end of the year, if you get too big of a refund or owe too much, make changes in with holdings to account for the spikes in pay (and with holdings) with OT


In other words, don't look at the "take home pay" each period to make your decision of it being worth while






Back to top


Back to top




//