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Message
re: No tax on overtime
Posted on 11/26/24 at 2:08 pm to fr33manator
Posted on 11/26/24 at 2:08 pm to fr33manator
quote:
I work 20 hours of overtime ever week. My family needs this and if I don't get it I'm going to be very upset
Your family NEEDS you to work 60 hours a week?
Control your spending.
This post was edited on 11/26/24 at 2:09 pm
0
Posted on 11/26/24 at 2:40 pm to Homesick Tiger
quote:
Wouldn't that be up to the employer?
salaried employees would have to request going hourly. in that case, their hourly rate would be less than their salaried rate I would assume.
the no tax on OT would have to be a permanent thing for most salaried people to even consider it IMO. but yes ultimately it's up to the employer.
Posted on 11/26/24 at 2:47 pm to Gimme back that fish
I’m salary but it would be good for the economy. More money in employee pockets to then spend or save, pay down debt, etc.
Great move if it happens.
Great move if it happens.
Posted on 11/26/24 at 2:54 pm to Gimme back that fish
If Trump doesn’t follow through on this I’m storming the Capitol
This post was edited on 11/26/24 at 2:55 pm
Posted on 11/26/24 at 2:58 pm to Gimme back that fish
quote:Of course not. It was dumb campaign talk and has no chance of happening. Nor should you want it to. It's already weird that so many of you "small government conservatives" even accept the feds defining overtime in the first place.
No tax on overtime
Gimme back that fish
Any recent talk of this?
Posted on 11/26/24 at 2:58 pm to monsterballads
quote:
has to happen
If he said it, it will happen or be throughly looked at. The man does not say things on the campaign trail and not deliver .
Posted on 11/27/24 at 9:14 am to tigeraddict
quote:
So the less they take in the less control they have.
I agree, take in less ("starve the beast"). I'm just saying that a new 'carve out' like this is a bad way to do it. It means more bureaucracy, and added compliance cost (hits small business the hardest). They will all need to change their payroll systems. Plus, as others have said, there's going to be a lot of 'adjustments' to overtime and salaried employees.
Just remove some other tax completely, get it off the books. Then you remove the compliance costs as well, which benefits everyone that matters.
Posted on 11/27/24 at 9:52 am to Gimme back that fish
Also helps companies not have to pay that part of payroll taxes.
Sames as tips, the businesses pay their share of taxes on those.
Sames as tips, the businesses pay their share of taxes on those.
This post was edited on 11/27/24 at 9:53 am
Posted on 11/27/24 at 9:54 am to Big Scrub TX
quote:
Of course not. It was dumb campaign talk and has no chance of happening. Nor should you want it to. It's already weird that so many of you "small government conservatives" even accept the feds defining overtime in the first place.
You are the one here saying no to lowering taxes.
Posted on 11/27/24 at 9:56 am to Gimme back that fish
Great idea.
While we’re at it, no tax on income.
While we’re at it, no tax on income.
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