- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
No tax on overtime
Posted on 11/26/24 at 11:57 am
Posted on 11/26/24 at 11:57 am
Any recent talk of this?
24
Posted on 11/26/24 at 11:59 am to Gimme back that fish
has to happen
Posted on 11/26/24 at 12:00 pm to Gimme back that fish
I would benefit greatly from this. Hope it happens.
Posted on 11/26/24 at 12:01 pm to Gimme back that fish
Been salaried for a dozen years. Makes no difference to me, but I hope for the hourly baws that it happens.
Posted on 11/26/24 at 12:02 pm to Gimme back that fish
How do you regulate this? Wouldn’t everyone who is salary immediately switch to hourly and just clock 12 hours a day until they get back to the same salary but with half of it tax free?
Posted on 11/26/24 at 12:03 pm to Gimme back that fish
I’m for it, but it won’t happen.
Reeks of hollow campaign rhetoric.
Reeks of hollow campaign rhetoric.
Posted on 11/26/24 at 12:04 pm to Gimme back that fish
Guess he has to take office first
Posted on 11/26/24 at 12:04 pm to Breesus
quote:
How do you regulate this? Wouldn’t everyone who is salary immediately switch to hourly
You put in the legislation that any company doing this will be subject to multi million dollar fines. I bet that would stop it
Posted on 11/26/24 at 12:06 pm to Gimme back that fish
It needs to be part of a greater strategy to tear down the income tax layer by layer.
Posted on 11/26/24 at 12:07 pm to John Barron
quote:
You put in the legislation that any company doing this will be subject to multi million dollar fines. I bet that would stop it
Posted on 11/26/24 at 12:08 pm to John Barron
quote:
You put in the legislation that any company doing this will be subject to multi million dollar fines.
How would that work? Now every company has to prove their hourly employee justification to a federal government agency? What are the parameters for legitimate hourly vs sales? Most salary people work more than 40 so why not change it around?
Posted on 11/26/24 at 12:09 pm to John Barron
Wouldn’t everyone who is salary immediately switch to hourly
so to prevent one party from getting a benefit you want the benefit of being salaried to get that benefit?
so to prevent one party from getting a benefit you want the benefit of being salaried to get that benefit?
Posted on 11/26/24 at 12:10 pm to Breesus
quote:
Wouldn’t everyone who is salary immediately switch to hourly
some might. let the free market sort it out.
Posted on 11/26/24 at 12:11 pm to monsterballads
Ill take 90% of my salary paid in OT
Posted on 11/26/24 at 12:12 pm to lofty
You want to give up your salaried position to get some tax off for overtime.
Posted on 11/26/24 at 12:18 pm to Breesus
quote:
How do you regulate this? Wouldn’t everyone who is salary immediately switch to hourly and just clock 12 hours a day until they get back to the same salary but with half of it tax free?
THIS =
Don't know how you keep the grift out of this situation. Everyone back to a dollar an hour??
And initiate a 2 day work week?
Posted on 11/26/24 at 12:21 pm to Breesus
It's not really the employee's option, it's the employer's. So long as the employee meets the salary and duties tests, the employer can exempt the employee from earning overtime.
The salary threshold is $35,568 and I believe there's 9 EEO classifications. The main 3 are administrative, executive, and professional.
Administrative is someone who 1) manages more than two employees and/or 2) works primarily in the office and has independent judgement on work of importance to the business' customers or operations.
Executive is self-explanatory
Professional is someone who needs a certification and/or advanced education to do their job. Think teachers, CPAs, lawyers, etc.
There are also categories for sales workers, janitorial staff, and IT that have their own duties test.
As long as an employee makes at least $35,568 and has primary duties that fall into one of the above buckets, the business can exempt them. The salary threshold was increased to ~$44k on July 1st of this year but was stricken down back to $35,568 by the Eastern District in Texas last week.
The salary threshold is $35,568 and I believe there's 9 EEO classifications. The main 3 are administrative, executive, and professional.
Administrative is someone who 1) manages more than two employees and/or 2) works primarily in the office and has independent judgement on work of importance to the business' customers or operations.
Executive is self-explanatory
Professional is someone who needs a certification and/or advanced education to do their job. Think teachers, CPAs, lawyers, etc.
There are also categories for sales workers, janitorial staff, and IT that have their own duties test.
As long as an employee makes at least $35,568 and has primary duties that fall into one of the above buckets, the business can exempt them. The salary threshold was increased to ~$44k on July 1st of this year but was stricken down back to $35,568 by the Eastern District in Texas last week.
Posted on 11/26/24 at 12:22 pm to PillageUrVillage
I'm salaried, but my RN wife routinely gets a minimum of 10 hours OT every week. That would benefit my house greatly!
Posted on 11/26/24 at 12:25 pm to themunch
quote:
Wouldn’t everyone who is salary immediately switch to hourly
When has a individual have any say in being paid a salary or hourly? I believe the employer determines that.
Posted on 11/26/24 at 12:25 pm to Gimme back that fish
Its a fantastic policy.
Taxes are a disincentive to work OT
Taxes are a disincentive to work OT
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News