No overtime taxes.

[Toddsterpatriot]

If you work 50 hours a week then that pushes you into a higher tax bracket even though you spent all your free time working instead of enjoying time off. So I was right all along. Regular wokers that are forced to work overtime are essentially paying for the government to steal their money.

You're not right.

 

[initforme]

Good question, WHY? The last foray you morons made with raising the minimum wage unleashed a four year and counting round of inflation. There has been no change in anyone's standard of living except those on fixed incomes and theirs went down. Flooding the economy with money does nothing but create inflation. Anyone with more than two active brain cells knows this. But at 95, I guess that lets you out along with the demented fool that was just booted out of the WH.

So some laborer getting a wage increase is somehow a problem. No way no how

 

[Concerned American]

So some laborer getting a wage increase is somehow a problem. No way no how

Is that laborer creating more value? If not, there is no justification for raising his wages. If you buy something, do you just throw in another $5, $10----just because? I'm not going to sit here and explain logic to one who clearly isn't cognizant enough to comprehend it. Go take a nap.

 

[Toddsterpatriot]

Unless it puts your annualized adjusted gross income into a higher tax bracket.

Right, just like if your regular income puts you into a higher bracket.

 

[Mikeoxenormous]

Overtime pay is taxed at the same rate as regular pay.

Unless working over time moves him into a higher tax bracket.

 

[Toddsterpatriot]

Unless working over time moves him into a higher tax bracket.

Or your regular income puts you into a higher bracket.

 

[Concerned American]

Or your regular income puts you into a higher bracket.

Remove OT from the equation and your income remains the same--no increase in tax bracket. IDK if you are being intentionally obtuse, trolling or maybe I misjudged you.

 

[justoffal]

I now want to be paid in tips only because it's unfair to pay taxes on non-tips.

Trust me you don't want to be paid in tips taxed or untaxed.

 

[justoffal]

Unless working over time moves him into a higher tax bracket.

Which often happens

 

[Toddsterpatriot]

Remove OT from the equation and your income remains the same--no increase in tax bracket. IDK if you are being intentionally obtuse, trolling or maybe I misjudged you.

I'm just disagreeing with the claim that OT is taxed at a higher rate.

 

[justoffal]

You're not right.

It depends on the payroll system being used.
Ultimately if you're overcharged on a high overtime week you'll get it back at the end of the year. Some payroll systems multiply the weekly total by 52 and take the percentage according to the tax bracket that number gives them. Since that may not hold for every week if a little more is taken from the overtime it just makes the refund bigger.

 

[Concerned American]

It depends on the payroll system being used.
Ultimately if you're overcharged on a high overtime week you'll get it back at the end of the year. Some payroll systems multiply the weekly total by 52 and take the percentage according to the tax bracket that number gives them. Since that may not hold for every week if a little more is taken from the overtime it just makes the refund bigger.

Total tax owed is not known until it is filed. At that time, if the AGI is pushed into the next higher tax bracket, the OT made you pay more taxes. If you don't meet that threshold of the higher bracket, tax rates don't change.

 

[Dekster]

This is why I voted for Donald Trump:

Years ago, I thought to myself that taxing overtime pay at a higher rate was unfair to average workers. I had a wild thought: what if overtime pay was tax free? I mentioned this to one of my coworkers and he laughed. “Yeah, good luck with that”. Well, Donald Trump is floating that idea, and I think it’s a long time coming.

It must have been about twenty years ago, but I recall being told by the company I worked for that mandatory overtime was the new rule. All the salaried workers got the weekend off but regular rank and filers like me had to work Saturdays and even Sundays. One day I told my boss that I did not want to work on Saturday. He said, “No exceptions”. I said I was not working. About an hour later I got visit form higher-up who wanted to know what the problem was, in an Indian accent of course.

I told him I had other plans, and he said we work mandatory overtime here and if you don’t like it, you know where the door is. I worked Saturday like I worked every Saturday. I retired after 30 years there.

Overtime pay should not be taxed because it is essentially a punishment for working harder and longer especially if it is mandatory. I would like to see income taxes on overtime pay eliminated for workers today even though I will not benefit from it. Companies pay a higher rate for overtime pay and the government should not be entitled to steal that money through extra taxes that push a worker into a higher tax bracket. Does anyone recall any Washington swamp politician calling for no overtime taxes on average workers?

Donald Trump is doing that and he is known for saying what he means and doing what he says. Washington swampers are now being exposed for the kleptocrats they are, and they are not happy.

I am not sure accounting wise how easy that would be to implement.

 

[BlackSand]

Under the FLSA (Fair Labor and Standards Act) employers are not required to pay overtime to bonafide salaried employees. That doesn't mean they can't.

.

Salaried employees (and I have been both hourly and salary) ...
Are generally paid more because their responsibilities are different.

Those responsibilities often call for unscheduled work at any hour and/or condition.
I put in far more time as a salaried employee in the office, on the road, and at home ...
But was fairly compensated for my time and expertise.

In any case ... Negotiating the conditions and pay with your employer should be personal.
In any case ... Hourly employees are compensated for working more hours (overtime) with higher pay at a higher rate.
In any case ... Bonuses or overtime are still taxed.

It doesn't matter ... It is income either way ... And should be taxed according ...

.​

 

[BlackSand]

I'm just disagreeing with the claim that OT is taxed at a higher rate.

.

You are correct ... Because regular pay and overtime are income.
People pay taxes on their income and if overtime pushes someone's income into a higher bracket ... They will pay taxes at a higher rate.

But it really doesn't matter ... There is nothing special about overtime and hourly employees get better pay for overtime already.
Eliminating taxes on overtime would be unfairly sheltering income.

It's a popular idea ... But in reality ... It's a campaign ploy that attempts to establish the idea ...
That if an hourly employee is working overtime, then that is more valuable than a salaried employee's time ... And deserves to be sheltered ...
Even if their income is equal ... And that gets closer to Critical Theory and Class Warfare.

.​

 

[Raynine]

.

You are correct ... Because regular pay and overtime are income.
People pay taxes on their income and if overtime pushes someone's income into a higher bracket ... They will pay taxes at a higher rate.

But it really doesn't matter ... There is nothing special about overtime and hourly employees get better pay for overtime already.
Eliminating taxes on overtime would be unfairly sheltering income.

It's a popular idea ... But in reality ... It's a campaign ploy that attempts to establish the idea ...
That if an hourly employee is working overtime, then that is more valuable than a salaried employee's time ... And deserves to be sheltered ...
Even if their income is equal ... And that gets closer to Critical Theory and Class Warfare.

.​

Companies that force average workers to work exorbatant hours under threat of job loss approaches slavery based on institutional class warfare.

 

[BlackSand]

Companies that force average workers to work exorbatant hours under threat of job loss approaches slavery based on institutional class warfare.

.

The same with companies that force salaried employees to work exorbitant hours.

It's all income ... People are taxed on their income ... Welcome to the real world.
We already have a Progressive Tax Code with brackets that charge higher income with a higher percentage tax on their income.

Attempts to pretend one is more worthy and their income should be sheltered ... Is Critical Theory and Class Warfare ...
And that's Marxism ... Which makes it kind of interesting when a bunch of so-called Conservatives think it is a good idea.

Your comment above doesn't suggest anything different ... You just want Marxism and Class Warfare.
You should have paid better attention to what they were actually teaching you in school or college ...
It's not even thinly veiled ...

.​

 

[Concerned American]

Companies that force average workers to work exorbatant hours under threat of job loss approaches slavery based on institutional class warfare.

They are paying premium wages for those OT hours and many companies have periods where the companies health depends on OT. IT IS NOT SLAVERY, SMFH. You are free to leave and find a job that is more to your liking. There are people waiting in line for those jobs and many welcome the chance to get 50-100% raises to work the OT.

 

[Raynine]

They are paying premium wages for those OT hours and many companies have periods where the companies health depends on OT. IT IS NOT SLAVERY, SMFH. You are free to leave and find a job that is more to your liking. There are people waiting in line for those jobs and many welcome the chance to get 50-100% raises to work the OT.

You are not comprehending what is happening. The can find all kinds of money for a new world order by just printing it, but they can't spare a penny for Social Security or better wage packages for rank and file workers in this country. They are stealing your way of life right under your nose and all you can do say good enough. Your last chance is in the White House now.

 

[Concerned American]

You are not comprehending what is happening. The can find all kinds of money for a new world order by just printing it, but they can't spare a penny for Social Security or better wage packages for rank and file workers in this country. They are stealing your way of life right under your nose and all you can do say good enough. Your last chance is in the White House now.

And what does ANY of that have to do with compulsory OT and your assertion that it borders on slavery? Please keep to the topic.