Remember “No Tax on Overtime”?

[candycorn]

It's all wrong. Totally irresponsible. It's not going to end well.

You're right about that. But I think the end is assured whether I get to keep a few more pennies each week or not.

 

[pknopp]

You're right about that. But I think the end is assured whether I get to keep a few more pennies each week or not.

we will pay for the corrupt governments we have put in place.

 

[Hafar1014]

we will pay for the corrupt governments we have put in place.

Like in Minn the most corrupt in history and its all democrats

 

[airplanemechanic]

Since it’s all overtime, “no tax on overtime” would mean that none of it should be taxed...all $30 that was made.

I guess when Trump says "no tax on overtime" he assumes you can define "overtime."

But from the party that can't define a woman, struggling to understand what "overtime" means doesn't shock me.

No, not EVERY PENNY YOU MAKE past 40 hours is overtime. Because you are paid per hour to work. If you are working overtime, the extra you are paid, the "half time" is the ONLY OVERTIME YOU ARE MAKING. The rest is straight pay. When you are paid OVERTIME, it is referred to as a PAY RATE, not a PAY AMOUNT. Your overtime PAY RATE is 1.5x normal pay. It doesn't say EVERY PENNY YOU MAKE PAST 40 HOURS IS OVERTIME PAY. Nope.

But not everyone is smart enough to understand this.

 

[airplanemechanic]

No dummy, after 40 hours the OT rate is 30.00 per hour.

Yes, the OT RATE, not the OT PAY.

BIG ******* DIFFERENCE.

 

[pknopp]

Like in Minn the most corrupt in history and its all democrats

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[Lisa558]

we will pay for the corrupt governments we have put in place.

The most obvious place to start is with the state of Minnesota that has enabled the Somali fraud, along with Omar and her husband who profited from it.

 

[pknopp]

The most obvious place to start is with the state of Minnesota that has enabled the Somali fraud, along with Omar and her husband who profited from it.

If she did, charge her.

 

[Lisa558]

Yes, the OT RATE, not the OT PAY.

BIG ******* DIFFERENCE.

The hypocrisy of Dems on this issue could not be more apparent. They are wailing that the working class is not getting tax-free income on the ENTIRE overtime rate - and just the segment that is the overtime pay - and at the same time forcing their people to add the exempt amount back in on their state returns.

IOW, they complain that only SOME is tax-free, and then make none of it tax-free!

 

[airplanemechanic]

The hypocrisy of Dems on this issue could not be more apparent. They are wailing that the working class is not getting tax-free income on the ENTIRE overtime rate - and just the segment that is the overtime pay - and at the same time forcing their people to add the exempt amount back in on their state returns.

IOW, they complain that only SOME is tax-free, and then make none of it tax-free!

You must remember, we're dealing with democrats here, some of the absolute dumbest ******* people to ever grace our planet.

 

[candycorn]

I guess when Trump says "no tax on overtime" he assumes you can define "overtime."

But from the party that can't define a woman, struggling to understand what "overtime" means doesn't shock me.

No, not EVERY PENNY YOU MAKE past 40 hours is overtime. Because you are paid per hour to work. If you are working overtime, the extra you are paid, the "half time" is the ONLY OVERTIME YOU ARE MAKING. The rest is straight pay. When you are paid OVERTIME, it is referred to as a PAY RATE, not a PAY AMOUNT. Your overtime PAY RATE is 1.5x normal pay. It doesn't say EVERY PENNY YOU MAKE PAST 40 HOURS IS OVERTIME PAY. Nope.

But not everyone is smart enough to understand this.

LOL...this thread exposes just how silly you guys are prepared to look in service to your master.

 

[Roshambo]

Don’t blame me that you suck at math.

**** off. $20 an hour. After that OT = $30

 

[Roshambo]

Yes, the OT RATE, not the OT PAY.

BIG ******* DIFFERENCE.

(insert meme of giant crowd chanting suckers and losers and fingers pointed forward)

OT Rate = $30
That means you are making $30 and hour. This was pitched as "Tax Free". Total bullshit.

Honestly I don't give a **** about it. I am retired, living my best life "as they say" the Golden Years.
I love it. I feel sorry for all the suckers and losers that are working today to pay for my retirement.
Suckers and losers are not going to see their Benefits that they earned. Blame both parties.

 

[j-mac]

**** off. $20 an hour. After that OT = $30

You can say that as much as you like, doesn’t make it true.

Look, I’ll try and make it as simple as possible

You earn $20 per hour at your job. Now, let’s say you have a job where the employer is exempt from paying federal overtime, like say some trucking jobs, your rate remains $20 per hr. after 40hrs.

If the job pays federal overtime, your hourly rate is still $20 hr, plus 1/2 time at $10 additional per hr, the overtime rate, making your rate at $30 per hr, for any hours worked past 40 hrs.

The “overtime” is the $10 additional making your rate $30 hr overall past 40 hrs.

Ask ANY business owner.

 

[Roshambo]

You can say that as much as you like, doesn’t make it true.

Look, I’ll try and make it as simple as possible

You earn $20 per hour at your job. Now, let’s say you have a job where the employer is exempt from paying federal overtime, like say some trucking jobs, your rate remains $20 per hr. after 40hrs.

If the job pays federal overtime, your hourly rate is still $20 hr, plus 1/2 time at $10 additional per hr, the overtime rate, making your rate at $30 per hr, for any hours worked past 40 hrs.

The “overtime” is the $10 additional making your rate $30 hr overall past 40 hrs.

Ask ANY business owner.

We got an Accountant wanabe. Figuring payroll taxes on overtime involves treating it like regular pay (FICA), with that in mind, I still paid the employee $30 an hour.

All ******* bullshit and it ends in 2028.

 

[j-mac]

We got an Accountant wanabe. Figuring payroll taxes on overtime involves treating it like regular pay (FICA), with that in mind, I still paid the employee $30 an hour.

All ******* bullshit and it ends in 2028.

No dumbass, I never claimed to be anything other than what I am.

All I'm saying is that is my understanding as to how overtime is calculated.

Pause....

Ok...Here's what I am finding out on the wonderful world of google....

We're BOTH right in a manner of speaking....

An employer in book keeping of their business, may have different tax considerations as a reason for calculations equaling 1.5x the standard rate...Don't know, you'd have to ask a business owner, as I said...

However in simplicity all the federal government is concerned with in paying overtime, is that the qualified employee receive 1.5 x their regular rate of pay....

So, I can understand the confusion you have.

 

[struth]

Dont get me wrong...tax relief on part is a good thing.

But that wasn’t communicted--that it would only be a % of your overtime pay. Thats my point.

Of course it was, the law is public and has been

 

[j-mac]

Of course it was, the law is public and has been

I really don't know where they get this type of thinking...The law is clear, and how this is being done is like you say, in black and white....

 

[j-mac]

You're right about that. But I think the end is assured whether I get to keep a few more pennies each week or not.

So, if it's a "few pennies each week" to you, then why don't you just give the savings back to the treasury, to put toward the debt of this great nation?

 

[struth]

I really don't know where they get this type of thinking...The law is clear, and how this is being done is like you say, in black and white....

What threads like this highlight is just how little Dembots know about the real world