No tax on overtime

I have NOT been lurking

Eat. Sleep. Work. Jork.
Is 5 inches better?
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Thebrownblob

Well-Known Member


“Under proposed legislation the break for overtime pay would start phasing out once individual adjusted gross income reaches $100,000 or when a married couple’s income reaches $200,000. At the 22% marginal tax rate that applies to many taxpayers in this range, a deduction for $20,000 in overtime pay would save $4,400 in taxes.”
 

KearsargeCoop

Baseball, dart board


“Under proposed legislation the break for overtime pay would start phasing out once individual adjusted gross income reaches $100,000 or when a married couple’s income reaches $200,000. At the 22% marginal tax rate that applies to many taxpayers in this range, a deduction for $20,000 in overtime pay would save $4,400 in taxes.”
I'll take a $366/month raise
 
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