Remember “No Tax on Overtime”?

[candycorn]

Working 40 hours and below,

No shit Q-NUT.

Working your 41st hour is overtime.
The entire 41st hour should be tax free not .5.
The retarded orange grifter, continues to **** the working class, just like the rest of the RWNJ's have for the last 45 years.

Yeah.

If you’re offered another shift to work and you make $20 an hour, you don’t think you’re making $160, you think you’re making $240 ($30 X 8 hours). If someone tells you there is no tax on overtime (as the blob did) you think that $240 is tax free. In reality, only the $80 is tax free. I’ll take it...but it was misrepresented. Americans are seeing that this tax season. Hopefully they’ll remember in November.

 

[WorldWatcher]

Apparently that was a lie.

If you make 20 an hour work an hour of overtime and get paid time-and-a-half ($30), you pay no tax on the “half”— the $10 but you still get taxed on the $20

That's because the $20 is Straight Time, the $10 is the overtime component.

Make sense, always understood it that way.

WW

[DISCLAIMER: Not saying I agree with exempting overtime from income, but that isn't the question.]

WW

 

[candycorn]

/----/ Of course. Why did you think the entire overtime pay was tax free?

Because you blob said “no tax on overtime”.

He lied...you love being lied to. I don’t.

 

[struth]

Working 40 hours and below,

No shit Q-NUT.

Working your 41st hour is overtime.
The entire 41st hour should be tax free not .5.
The retarded orange grifter, continues to **** the working class, just like the rest of the RWNJ's have for the last 45 years.

Yes that one hour is overtime, but the overtime pay is the .5 you get on top of your normal rate

This has been the law since the 1930s

Where you been dembot?

 

[WorldWatcher]

$30 is OT.

Sorry, no.

The overtime pay is $10.

WW

 

[Cellblock2429]

Because you blob said “no tax on overtime”.

He lied...you love being lied to. I don’t.

/----/ The $10 mentioned in the earlier example IS THE OVERTIME, not the entire $30. Derp.

 

[Rawley]

Because you blob said “no tax on overtime”.

He lied...you love being lied to. I don’t.

Well, you definitely should not vote for Trump next time he runs.

 

[WorldWatcher]

And just to throw something else into the equation...

IIRC there is a cap of $12,500 for the exemption and that is phases out for earners making more that $150,000 per year.

WW

 

[struth]

Well what this epic thread fail simply shows is candycorn doesnt read public laws that have been on the books for 7 months

He can not be taken seriously on any topic

 

[struth]

And just to throw something else into the equation...

IIRC there is a cap of $12,500 for the exemption and that is phases out for earners making more that $150,000 per year.

WW

That’s correct, been in the law since July

Yep and the rich get taxed

 

[Thinker101]

$30 is OT.

Obviously, you've never had a job.

 

[Nuthin' Fancy]

/----/ Of course. Why did you think the entire overtime pay was tax free? GEEEZE, what a dope.
Calm down, Karen. Blue States are saying they will raise state taxes on overtime and tips to wipe out any savings -- just because they hate Trump, working men, women, and America.

Because your LYING retarded dear leader SAID so.

 

[progressive hunter]

Because you blob said “no tax on overtime”.

He lied...you love being lied to. I don’t.

youre giving me a warm feeling in my heart,,

please continue,,

 

[struth]

That's because the $20 is Straight Time, the $10 is the overtime component.

Make sense, always understood it that way.

WW

[DISCLAIMER: Not saying I agree with exempting overtime from income, but that isn't the question.]

WW

Yes because it’s been how’s it’s defined since the 1930s

 

[struth]

Because your LYING retarded dear leader SAID so.

Um and he did that

What was the lie?

 

[Nuthin' Fancy]

when you get a raise and your new pay puts you in a higher tax bracket is all of your pay at that higher rate??

YES.

in all reality all of our pay should be tax free,,

 

[MarathonMike]

Because you blob said “no tax on overtime”.

He lied...you love being lied to. I don’t.

This is the same "Trump Lied" narrative that Trump Haters have been pushing since he "lied" about his inauguration crowd size. Anti-Americans like candycorn are loyal mouthpieces for the Anti-American Democrats.

 

[struth]

Because you blob said “no tax on overtime”.

He lied...you love being lied to. I don’t.

How did he lie when there is literally no tax on overtime?

 

[Nuthin' Fancy]

Um and he did that

What was the lie?

"We will end all taxes on overtime".
Q-NUT.

 

[progressive hunter]

YES.

so youre ignorant,,

no all of your pay is not taxed at the higher rate,, just the amount over the new rate is taxed at the higher rate,,